President of Ukraine Petro Poroshenko signed the law on the Energy Efficiency Fund, aimed at supporting the implementation of energy efficiency in the multi-storey housing sector of the country and attracting EUR 100 million from the European Union for its work, in Kyiv on July 20.

"The need for the creation of the fund was understood tens of years ago, but it is important that now, when we create it, it is approved by all our international partners, international financial organizations. I am confident that the results of our practical activities will be available in the near future," Poroshenko said during the events dedicated to the signing the law of Ukraine on the Energy Efficiency Fund in Kyiv.

As reported, the Verkhovna Rada of Ukraine adopted the law on the Energy Efficiency Fund on June 8.

Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko stressed this law will enable Ukrainian households to save up to 50% of energy while implementing thermo-modernization measures.