Sick of EU red tape? Bring your green money here, Ukraine says.

By Gabriel Gavin | 03/14/2024 06:50 AM EDT

Russia tried to destroy the country’s energy sector, but Kyiv is offering great deals to foreign investors willing to build it back up.

A high voltage substation switchyard stands partially destroyed after the Ukrenergo power station was hit by a missile strike on October 10th, as Russia launched attacks throughout Ukraine, on November 10, 2022 in central Ukraine.

Russia’s invasion has already caused billions in damage to Ukrainian infrastructure and property. Ed Ram/Getty Images

BRUSSELS — When Volodymyr Kudrytskyi severed Ukraine’s power grid from Russia and Belarus on Feb. 24, 2022, it was just supposed to be for a three-day stress test.

Two hours later, Russia invaded. The test became the country’s new reality.

For Kudrytskyi, the 38-year-old head of Ukraine’s power network, the decoupling led to a sustained, frantic sprint to overhaul a Soviet-built system under a hailstorm of bombs.


But for foreign investors, the Ukrenergo boss told POLITICO, the new reality presents great business opportunities.