Export for Ukraine is the oxygen that generates foreign exchange earnings and therefore increases the revenues of the state, which affects the financing of the needs of the army. Given the limited logistical capabilities, it is crucial for us to export goods that would physically occupy a smaller area but have added value. Therefore, the state should focus on increasing the export of processed products, stated First Deputy Prime Minister - Minister of Economy of Ukraine Yuliia Svyrydenko on the air of the Yedyni Novyny (United News) National Telethon.
"Today, the main export positions remain grain crops, ores, and sunflower oil, which we will continue to export. However, we use additional tools to expand our export potential. The program "5-7-9", which is also aimed at farmers, provides an opportunity to take loans up to UAH 1 million under state guarantees. There is also a program of affordable financing through loan insurance by the Export Credit Agency. It is important that the ECA program is aimed at non-resource exports," said Yuliia Svyrydenko.
To date, banks have provided a total of UAH 221 million in loans under this program. In particular, since June, 29 exporters have been financed and 36 loans have been granted, which has resulted in more than UAH 3 billion worth of new non-commodity exports.
The Minister of Economy also stressed that in addition to providing businesses with credit funds, the Government is doing everything to encourage potential investors to participate in the restoration and development of Ukraine. Today, through the Advantage Ukraine special platform, foreign investors can make preparatory steps - choose the areas they are interested in: agriculture, IT-technologies, Military-tech, etc.
"The investor's interest needs to be transformed into specific projects that we will support, including projects related to early reconstruction. We are looking for opportunities to insure such investments. For example, the MIGA agency, which is part of the World Bank, has already agreed to insure war risks for Ukrainian and international companies that will invest in Ukraine today," stressed Yuliia Svyrydenko.