Ukraine and France sign implementing agreement worth EUR 200 million
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and Ambassador Extraordinary and Plenipotentiary of the French Republic to Ukraine Gaël Veyssière signed the Implementing Agreement to the Grant Agreement between the Government of the French Republic and the Government of Ukraine.
“Today we have signed the Implementing Agreement to the Grant Agreement between Ukraine and France, which opens up the possibility of attracting EUR 200 million in grant assistance. Up to 50% of these funds will be used to purchase Ukrainian goods and services for recovery projects. These projects will be implemented in close cooperation with French companies that actively support Ukraine and currently employ 25,000 people in our country. I am sincerely grateful to the Government of France and the French people for their support and faith in Ukraine’s resilience,” said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.
The key sectors that will receive funding under the Implementing Agreement are healthcare, energy, water supply and sanitation, demining, digital technologies, infrastructure, agriculture, waste management and housing.
This is a continuation of the agreement signed in June in the presence of Presidents Volodymyr Zelenskyy and Emmanuel Macron.
Work is also underway to expand the AFD Group’s mandate in Ukraine to support Ukrainian businesses. Thus, the Agence Française de Développement, PROPARCO and Expertise France will be able to provide loans, grants, guarantees or other forms of financial and technical assistance.
Such support can be provided to state-owned or private enterprises, banking institutions, associations, organisations, as well as any legal entities located in Ukraine.
Background
The Grant Agreement between the Government of the French Republic and the Government of Ukraine to support the restoration and maintenance of critical infrastructure and priority sectors of the Ukrainian economy was signed in Paris. The Agreement was signed by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and Minister for Europe and Foreign Affairs of France Stéphane Séjourné.