In 2023, the Government of the Netherlands will support Ukraine in the restoration of critical infrastructure and provide comprehensive assistance in the security and humanitarian spheres.

On April 2, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Sigrid Kaag, Deputy Prime Minister and Minister of Finance of the Netherlands, discussed the participation of the Netherlands in the reconstruction of Ukraine, ways to intensify bilateral cooperation and the economic situation in Ukraine.

“Today, the reconstruction of Ukraine is the most ambitious project of the 21st century, which requires huge resources, but at the same time opens up new opportunities for business cooperation. According to the World Bank, Ukraine’s reconstruction needs amount to USD 411 billion. The Netherlands is a reliable international partner of Ukraine, which contributes to the fight against russian aggression and further reconstruction of the country,” said Yuliia Svyrydenko.

The First Deputy Prime Minister thanked the Dutch side for the energy equipment provided, which was extremely important for the restoration of the energy infrastructure damaged by the attacks of the aggressor state.

The parties discussed the prospects for business in both countries to participate in reconstruction projects in Ukraine. This year, Ukraine needs USD 14 billion to cover the most important needs: rebuilding housing, social infrastructure, schools, hospitals, orphanages, restoring businesses and creating conditions for their operation.

“Currently, Ukraine has identified five early recovery priorities: energy infrastructure, humanitarian demining, housing reconstruction, critical and social infrastructure, and support for the private sector, in particular small and medium-sized businesses. The Government of Ukraine sees great prospects for involving Dutch companies in the recovery process. At the same time, war risk insurance is a key issue for investors. The Government is already working on the creation of a special international trust fund that will allow the G7 export credit agencies, organisations such as MIGA, DFC, as well as international private players in the insurance sector to be involved in insurance,” said Yuliia Svyrydenko.