The Ukraine Recovery Conference held on June 11-12 in Berlin initiated projects totaling over €16 billion, according to the Ministry of Economy of Ukraine. First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, who led the government delegation at the conference, stated that the event served as a platform for aligning visions for Ukraine’s … Read more
EU ambassadors have agreed to use the proceeds from immobilized Russian assets for Ukraine’s reconstruction and military aid, the Belgian EU presidency reported. “The money will serve to support Ukraine’s recovery and military defense in the context of the Russian aggression,” the statement said. President of the European Commission Ursula von der Leyen welcomed the … Read more
Euroclear, the Belgian depository managing most of Russia’s frozen assets in Western countries, will soon decide how to use income from these assets to support Ukraine, according to Euroclear Executive Director Valérie Urbain, as reported by L’Echo on May 7. “Talks with the European Commission about this exceptional ‘windfall contribution’ are in advanced stages,” Urbain … Read more
The World Bank, together with the European Commission, the UN and the government of Ukraine, increased the assessment of Ukraine’s needs for post-war recovery. It now stands at $486 billion, according to the third Third Rapid Damage and Needs Assessment (RDNA3). The RDNA3 evaluation covers the period from February 24, 2022 to December 31, 2023. … Read more
It will take $411 billion to cover Ukraine’s reconstruction costs after the full-scale Russian invasion of Ukraine, the UN revealed in a report titled “World Economic Situation and Prospects as of mid-2023”, published on May 16. “The longer-term outlook for Ukraine will depend on the duration and intensity of the war and its ability to finance reconstruction, with … Read more
President of Ukraine Volodymyr Zelenskyy has met with the management of the world’s largest asset management company BlackRock. “The parties discussed the details of the creation of an investment fund to restore the economy of Ukraine with the involvement of public and private capital,” the press service of the Office of the President said. Ukraine’s … Read more
The World Bank will provide $50 million in funding to repair Ukrainian transport infrastructure destroyed by Russian attacks, the organization said in a message on its website on Feb. 10. “The World Bank announced today a new $50 million project to repair and restore Ukraine’s transport network to support immediate humanitarian relief and recovery, and … Read more
On September 29, the REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair took place. Gathering more than 1,500 business community representatives from 63 countries, the conference served as an interactive platform for informing potential investors about opportunities in Ukraine. During the event, 11 investment projects with a high degree of readiness in the fields … Read more
The International Finance Corporation (IFC) allocated 30 million dollars for investments in Ukraine and Moldova. This was reported by the press service of Ukraine’s Ministry of Economy. IFC is part of the structure of the World Bank. The ministry noted that the funds would be directed through a trust fund with 200 million dollars. It … Read more