Ministry of Economy of Ukraine
“Together with International Partners, Ukraine Is Capable of Creating a Modern Economic Miracle” – Joint Press Conference of Yuliia Svyrydenko and Robert Habeck
16.09.2022 | 12:10 | Section for Public and Mass Media Relations
Yuliia Svyrydenko, First Vice Prime Minister – Minister of Economy of Ukraine, and Robert Habeck, Federal Minister for Economic Affairs and Climate Action, spoke with journalists following the results of Economic Ramstein.
In Neuhardenberg (Germany), which hosts the meeting of the ministers of economy and trade of the G7 this week, a joint press conference was held, during which Yuliia Svyrydenko and Robert Habeck made statements to the media.
The Minister for Economic Affairs of Germany noted that, unfortunately, the war unleashed by russia has slowed down the enormous potential of Ukraine’s economic development, which the partners saw in our country before the aggression. However, the successes at the front and the zeal with which Ukrainians overcome all difficulties give confident hope for victory and revival. And on this path, Ukraine can count on both military and financial support.
“Trade, business, and economic growth must become part of Ukraine’s recovery strategy. This is exactly what was discussed at the meetings of the G7 ministers – about finding specific ways of support not only at this particular moment but also to create further opportunities that can be used after the end of the war,” said Habeck.
Among the important elements of this strategy, the German Minister named the further liberalization of trade and economic relationship between Ukraine and its partners as well as the establishment of a global fund to attract funds to Ukraine, in particular through foreign investments.
“Recovery of Ukraine requires a lot of money. More than the state can bring. Therefore, we need a tool – a fund that will give global companies a stable opportunity to invest. This is exactly what is really necessary for the development of Ukraine,” added Habeck.
In turn, Yuliia Svyrydenko thanked her colleagues for their willingness to continue supporting Ukraine, in particular, for prolonging and expanding a number of decisions and agreements to promote Ukrainian exports in the context of the ongoing war.
“In the six months since the start of the full-scale invasion, Ukraine has raised about USD 19 billion in macro-financial assistance in the form of grants and loans. This is extremely important as it provides both economic stability and the opportunity to keep our business going. After all, we are already thinking about the restoration of the country – this is a big challenge we face.
That is why it is so important to find the right way to safely invest in Ukraine. Therefore, we will continue to work on a specific investment insurance mechanism together with our partners from the G7 in order to encourage foreign companies to enter the Ukrainian market,” said Yuliia Svyrydenko.
The Vice Prime Minister thanked all Ukraine’s friends for their support in these times and noted that it is the involvement of partners that gives confidence in our future victory on all fronts.
“Together with our partners, we are able not only to win but also to build a country that will become an example of a modern economic miracle,” added Yuliia Svyrydenko.
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