You're reading: Poroshenko: Ukraine should extend power grids to Europe, creating ‘visa-free energy regime’

Ukraine needs to diversify the electricity market and sell electricity to Europe, President of Ukraine Petro Poroshenko has said.

“Ukraine is still a member of the Energy Community, which has been existing since the former Soviet Union. We have a unified energy system with Russia and this is wrong. We have to lay power grids. Where? To Europe, because there is the most powerful market there. Electricity that will be generated here and now will be sold to Europe,” Poroshenko said during the launch of the first wind turbines of Prymorsk wind power station in Zaporizhia region.

The president stressed that the sale of electricity to Europe can be called “a visa-free energy regime” for Ukrainian products.

“And the “visa-free energy regime” and the supply of electricity to the world’s most powerful market are new foreign exchange earnings, the strengthening of the national currency and the improvement of energy independence,” Poroshenko said.