The Ministry of Economy is focused on developing the private sector, which has been demonstrating high resilience and adaptability since the beginning of the war. Ukraine has managed to maintain macroeconomic stability and establish a productive dialogue with international financial institutions that are developing a new financial architecture for Ukraine’s recovery with an emphasis on increasing investment in the private sector.

First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko emphasized it in her address to the British-Ukrainian Private Finance Partnership on 8 February.

“The investment menu on the Advantage Ukraine platform is now ready, with more than 50 investment projects worth almost USD 9 billion already offered. We urge British businesses to invest in Ukraine’s development now, without waiting for the war to end, in order to help Ukrainian companies grow. Ukraine’s recovery program, inter alia, will give a new impetus to the European economy,” said Yuliia Svyrydenko.

In particular, Ukraine expects private investments in defence, agriculture, IT, renewable energy, gas production and storage, development of logistics, construction, etc. For its part, Ukraine offers construction sites that can be located in industrial parks, tax incentives, war risk insurance from MIGA and DFC covering up to 90% of potential losses, loans from international financial institutions and credit risk coverage.

“We are interested in creating all the conditions for the development of Ukrainian and international business partnerships. Investment companies such as BlackRock and J.P. Morgan are already working to develop a favourable business and investment climate in Ukraine. In addition, organizations such as IFC, EBRD and EIB are providing direct long-term and affordable lending. In spite of the difficult circumstances, the Ukrainian economy is demonstrating resilience, and we are looking forward to further support from our international partners and the implementation of joint investment projects,” emphasized the First Deputy Prime Minister.

Yuliia Svyrydenko also thanked the UK Government which supports Ukraine in preserving and restoring its energy, transport and communications infrastructure. In particular, an important step was signing the Memorandum on Infrastructure Rebuilding of Ukraine during the UK-Ukraine Infrastructure Summit in London last year. The Memorandum, among other things, paves the way for British businesses to fully participate in rebuilding Ukraine’s infrastructure which was destroyed by russian aggression.