Systematic financial support from partners is critical for Ukraine to continue fighting and directing domestic resources to defence. This was emphasised by Prime Minister Denys Shmyhal in his online statement during a meeting of Multi-Agency Donor Coordination Platform at the ministerial level. The event took place on 11 June in Berlin within the framework of the Ukraine Recovery Conference.

Denys Shmyhal stressed the importance of clarifying the tasks and priorities for the Platform's activities.

"The first is financial stability for Ukraine. Our budget deficit is about 20% of GDP. It is also crucial for us that your support is predictable, smooth and consistent," the Prime Minister said.

Meanwhile, the Government of Ukraine continues to take measures to increase its internal budget revenues. In particular, a number of economic stimulus programmes have been launched, which have yielded a positive effect.

"Last year, GDP recovered by 5.3%. In the first 4 months of this year, it grew by 4.4%. There is an increase in exports and investments," the Head of Government noted.

The Prime Minister stressed that one of the priorities now should be the transfer of russian frozen sovereign assets to ensure Ukraine's resilience and recovery.

According to the Head of Government, in order to achieve a rapid economic recovery in the face of war, it is also important for Ukraine to develop a long-term plan for systemic financial support until 2027. And it is the coordination platform that should become the hub for elaborating such a plan to ensure Ukraine's macroeconomic stability.

Denys Shmyhal noted that the five priorities for rapid recovery remained in place for this year and next year. These are housing reconstruction, humanitarian demining, restoration of critical infrastructure, economic recovery and energy. At the same time, the energy sector needs special support following russia's unprecedented attacks on Ukraine's energy system.

"More air defence systems, more energy equipment, facilitating the expansion of electricity imports to Ukraine, and assistance in decentralising the energy system. All this is needed today," the Prime Minister stressed.

Denys Shmyhal also reminded that last week the Government had adopted the Reform Matrix, an analytical tool for effective decision-making and management of the reform process.

"We need reconstruction, access to foreign markets and improved logistics. We need foreign investment and technology transfer from our partners," the Head of Government highlighted.

According to the Prime Minister, Ukraine needs USD 10 to 30 billion in annual investments over the next 10 years.

Denys Shmyhal thanked the governments of the partner countries for their faith in Ukraine and their assistance on the path to victory, recovery, growth and a European future.