Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Ukrainians face tough weeks as Russia targets power sector during freeze
    Finance

    Ukrainians Face Tough Weeks as Russia Targets Power Sector During Freeze

    Published by Global Banking & Finance Review®

    Posted on January 28, 2026

    3 min read

    Last updated: January 28, 2026

    Add as preferred source on Google
    Ukrainians face tough weeks as Russia targets power sector during freeze - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilitysolar powerfinancial crisisinvestment

    Quick Summary

    Ukraine's energy crisis deepens as Russian attacks target power infrastructure during a harsh winter, causing widespread electricity shortages.

    Ukrainians Brace for Harsh Winter Amid Intensified Russian Attacks

    Impact of Russian Attacks on Ukraine's Energy System

    By Pavel Polityuk

    Current Energy Situation

    KYIV, Jan 28 (Reuters) - Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and intense Russian attacks on the energy system that have already deprived millions of light and heat, a senior lawmaker said on Wednesday.

    Future Outlook and Solutions

    Despite progress in peace talks that has led to trilateral negotiations between Russia, Ukraine and the United States for the first time, Russia has stepped up bombardments beyond the front line that stretches across eastern and southern Ukraine.

    Temperatures of below -20 degrees Celsius (-4°F) are expected in the northern and eastern part of Ukraine next week, according to official forecasts, extremely low for the country.

    "The bad news is that there will indeed be frosts, and it will be difficult," Andriy Gerus, the head of the parliament's energy committee, told the national TV channel, Marathon.

    "The good news is that we need to hold out for three weeks, and then it will get easier," he added, citing predicted warmer temperatures and increased solar power from longer days.

    UKRAINE CALLS FOR 'ENERGY CEASEFIRE'

    The last two Russian missile and drone attacks on the capital Kyiv in January left about a million people without electricity and 6,000 apartment buildings without heating. After weeks of repairs, about 700 buildings still lack heat.

    That picture is replicated across the country, with northern and eastern Ukraine, home to major cities including Kyiv, Kharkiv, Chernihiv and Sumy, regularly targeted, resulting in power restrictions for industry and power cuts for consumers.

    Attacks on power stations, the energy transmission system and the gas sector have long been key elements of the full-scale invasion of Ukraine launched by Russia in February 2022. Moscow says it is seeking to undermine Ukraine's ability to fight.

    The head of Ukraine's largest private power producer DTEK told Reuters last week that Ukraine is nearing a "humanitarian catastrophe" due to the damage to its energy systems amidst the freezing temperatures, calling for a ceasefire on attacks on energy assets. Kyiv has targeted Russian oil processing infrastructure to reduce state revenues funding the war.

    Ukraine's solar energy association said around 1.5 gigawatts of new solar capacity was commissioned by Ukraine in 2025 and the total installed solar capacity in Ukraine exceeded 8.5 gigawatts, including residential installations.

    The volume is higher than the installed capacity of all three Ukrainian-controlled nuclear power plants of 7.7 gigawatts - and helped the country cope during repairs to those plants last summer - but output depends on the weather.

    President Volodymyr Zelenskiy said this month Ukraine's damaged energy system was meeting only 60% of the country's electricity needs this winter, with electricity generation capacity of 11 gigawatts against a need of 18 gigawatts.

    Maximum electricity imports from EU countries, combined with power cuts across entire regions, are allowing the system to remain balanced nevertheless.

    (Reporting by Pavel Polityuk; Editing by Daniel Flynn and Philippa Fletcher)

    Table of Contents

    • Impact of Russian Attacks on Ukraine's Energy System
    • Current Energy Situation
    • Future Outlook and Solutions

    Key Takeaways

    • •Ukraine faces severe energy shortages due to Russian attacks.
    • •Temperatures in Ukraine are expected to drop below -20°C.
    • •Ukraine calls for a ceasefire on attacks on energy infrastructure.
    • •Solar energy is helping Ukraine cope with energy shortages.
    • •Ukraine's energy system is meeting only 60% of electricity needs.

    Frequently Asked Questions about Ukrainians face tough weeks as Russia targets power sector during freeze

    1What is solar energy?

    Solar energy is the energy harnessed from the sun's rays, which can be converted into electricity or heat. It is a renewable energy source that helps reduce reliance on fossil fuels.

    2What is a humanitarian crisis?

    A humanitarian crisis is a significant event or series of events that causes widespread human suffering, often due to conflict, natural disasters, or economic instability, requiring urgent assistance.

    3What is energy security?

    Energy security refers to the reliable availability of energy resources at an affordable price. It is crucial for a country's economic stability and growth.

    4What is an energy ceasefire?

    An energy ceasefire is a temporary halt in hostilities specifically aimed at protecting energy infrastructure, allowing for repairs and ensuring the supply of energy resources.

    More from Finance

    Explore more articles in the Finance category

    Image for Europe's STOXX 600 gains 1% on prospect of Middle East ceasefire
    Europe's Stoxx 600 Gains 1% on Prospect of Middle East Ceasefire
    Image for Estonia says drone enters from Russia, hits power station, ERR reports
    Estonia Says Drone Enters From Russia, Hits Power Station, Err Reports
    Image for Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports
    Germany's Aurelius Interested in Buying Carrefour's Belgian Unit, L'Echo Reports
    Image for Germany's EnBW expects profits to be stable at best in 2026
    Germany's EnBW Expects Profits to Be Stable at Best in 2026
    Image for UK, EU and Switzerland set out one-day settlement testing plan
    Uk, EU and Switzerland Set Out One-Day Settlement Testing Plan
    Image for Taiwan wary that China could exploit US distraction over Middle East war
    Taiwan Wary That China Could Exploit US Distraction Over Middle East War
    Image for Russian attacks knock out power for thousands in Ukraine's north
    Russian Attacks Knock Out Power for Thousands in Ukraine's North
    Image for UK's Headlam warns of revenue drop as Middle East war pushes costs higher
    UK's Headlam Warns of Revenue Drop as Middle East War Pushes Costs Higher
    Image for Hedge fund founder Odey gives evidence in fight against financial industry ban
    Hedge Fund Founder Odey Gives Evidence in Fight Against Financial Industry Ban
    Image for UK's RS Group forecasts annual profit marginally ahead of market view
    UK's Rs Group Forecasts Annual Profit Marginally Ahead of Market View
    Image for Spanish gambling group Codere to go on sale for $2.3 billion, Expansion reports
    Spanish Gambling Group Codere to Go on Sale for $2.3 Billion, Expansion Reports
    Image for UK's ASOS posts 50% profit surge on cost-focussed revamp
    UK's Asos Posts 50% Profit Surge on Cost-Focussed Revamp
    View All Finance Posts
    Previous Finance PostIndia to Slash Tariffs on High-End EU Cars to 30% in Boost for Luxury Carmakers
    Next Finance PostGerman Budget Committee Green-Lights Tkms Frigates Deal, Say Sources