Early recovery is Government’s priority requiring significant investment: Yuliia Svyrydenko at a meeting with British Ambassador

First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko thanked the United Kingdom for the unprecedented financial, economic, military and humanitarian support that had begun in the first days of the war and continued until now.

“In the face of brutal aggression and full-scale war, Ukraine has demonstrated incredible resilience and ability to fight. And the support of partners, including such reliable friends as the United Kingdom, allows us not only to talk about repelling the aggressor, but also to plan for post-war recovery. Early recovery is a priority for the Government, and we have already started working on it. We hope that at the Recovery Conference to be held in London in June, we will discuss concrete projects for the economic and social stabilization of Ukraine and overcoming the consequences of war. The incredible efforts of Ukrainian business and international support have helped to stabilize the economic situation. For economic growth, we now need significant investments,” said Yuliia Svyrydenko.

The Minister of Economy elaborated on five key areas that required funding for Ukraine’s rapid recovery: housing infrastructure, critical and social infrastructure, humanitarian demining, support for the private sector, and energy recovery.

Last summer, Ukraine and the United Kingdom signed a memorandum on infrastructure rebuilding in Ukraine. The memorandum opens the way for British businesses to participate fully in the reconstruction of our country’s infrastructure destroyed by russia. In particular, it provides for a pilot project to build 6 bridges in Kyiv region. It involves British companies and funding from UK Export Finance.

Yuliia Svyrydenko emphasized that in order to attract investment before the end of the war, the Ministry of Economy was paying special attention to political risk insurance for potential investments in Ukraine, including war risk insurance. This is a complex process that requires the participation of all stakeholders, including the G7 countries.

As a reminder, Ukraine and the UK have agreed a Digital Trade Agreement to support Ukraine’s economy in the face of a full-scale russian invasion and lay the foundation for further successful post-war reconstruction.