Yuliia Svyrydenko discusses plans for long-term cooperation on Ukraine’s recovery with UK delegation

A meeting took place in Kyiv between representatives of the Ministry of Economy of Ukraine, led by  First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, and a delegation from the United Kingdom. Among those present were Nick Dyer, Second Permanent Under-Secretary at the UK Foreign, Commonwealth and Development Office (FCDO), Martin Harris, the UK’s Ambassador Extraordinary and Plenipotentiary to Ukraine, Oleksii Sobolev, First Deputy Minister of Economy of Ukraine, and Deputy Ministers Andrii Teliupa and Tetiana Berezhna.

The parties discussed further plans for long-term collaboration regarding:

• efforts towards Ukraine’s reconstruction and recovery,
• economic growth, development of Industrial and Investment Strategies,
• expansion of support programmes from the UK across various sectors,
• preparations for the Ukraine Recovery Conference 2025 (URC 2025) in Rome.

The partners emphasised that supporting Ukraine’s reconstruction remained a priority for the British Government, representing the largest international programme currently undertaken by the United Kingdom.

“The UK’s support is incredibly important, and we’ve felt it from the very first days of the full-scale war. We are now actively collaborating on long-term planning for Ukraine’s recovery, involving our partners in developing economic reforms and reconstruction projects. The United Kingdom supports Ukraine across various sectors – from assistance to SMEs and initiatives to expand women’s opportunities in the labour market, to cooperation in digital trade, which strengthens economic ties between our countries. And, of course, we would very much like the UK to become a leader in investing in Ukraine’s economy,” said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy.

Separately, they explored opportunities to attract investment, particularly through privatisation and public-private partnerships. Yuliia Svyrydenko stressed that for the economy to grow faster, further simplification of regulations for entrepreneurs and the creation of new incentives for businesses and investors were needed.

The UK is also advising Ukraine on expanding war risk insurance programmes and facilitating the return of global reinsurers to the Ukrainian market.

The British side noted that priority sectors for long-term economic cooperation include industry, energy, and construction. Preparing high-quality investment projects in both the public and private sectors remains crucial for accelerating investment.

The partners also highlighted the importance of continued support for projects related to human capital. Key priorities include empowering women in the labour market and retraining or upskilling veterans, internally displaced persons, war-affected individuals, and other vulnerable groups.