On June 21, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko presented a vision of Ukraine's recovery and development at the Ukraine Recovery Conference in London. The vision defines the priority goals for economic growth, security and the realization of human potential. It identifies key preconditions and a set of internal reforms needed for a rapid recovery and investment attraction.

"The conference in London is a big step towards our recovery and further growth. It is important to formulate a clear, shared vision of how Ukraine will develop. Our priority is to rebuild critical infrastructure, destroyed homes, schools and hospitals. But beyond that, we need to develop our strategic sectors. This is crucial for Ukraine's sustainable growth and meeting global needs for energy, food, critical materials and high-tech products. From being a recipient of international aid, Ukraine must turn into a key contributor to the free world," said Yulia Svyrydenko.

We estimate the market for Ukraine's recovery over the next 20 years at more than $500-900 billion. In addition, the replacement of Russian and Chinese exports opens up access to a market worth more than $200 billion a year.

At the conference in London and meetings with investors, we also presented already developed investment projects in key sectors worth $66.6 billion, which can be implemented in the near future and after Ukraine's victory.

Nince key sectors will determine Ukraine's development in the coming years:

1. The largest construction of the century. Ukraine's recovery will require the development of local production of building materials and equipment. In the construction and engineering sector, the current investment portfolio consists of 32 projects worth $30.8 billion.

1. Energy development, including the production of "green" energy for domestic demand and exports to the EU. In addition to electricity, Ukraine will produce green hydrogen, and agricultural waste will be used to produce biomethane. The growth of the industry will also stimulate the production of the necessary equipment and support a green industrial transition. In the energy sector, the current investment portfolio consists of 36 projects worth $25 billion.

2. Ukraine will become a guarantor of global food security and will provide supplies for 600 million people worldwide. At the same time, we will increase the technological component of production - we will ensure deep processing of more than 50% of products and full utilization of waste. The current investment portfolio: 18 projects worth $700 million.
3. Integration into the EU infrastructure.  Ukraine needs to reorient transport flows from the post-Soviet to the trans-European network and modernize it.  The current investment portfolio: 30 projects worth $6.5 billion.
4. Extraction of minerals, critical materials, and manufacturing of products from them. Ukraine has Europe's largest reserves of lithium, titanium, and significant deposits of other minerals needed to produce batteries, electric vehicles, and other equipment, as well as to provide fuel for nuclear power plants. The current investment portfolio: 10 projects worth $3.6 billion.
5. Leadership in the green industrial transition. Ukraine will produce green steel, aluminum, and fertilizers without using coal and natural gas. The use of environmentally friendly transport, primarily river and rail, will become more active.
6. Stimulating startups and entrepreneurship. Ukraine's industrial development will require new technological solutions, which, combined with the digitalization of the economy, will stimulate the development of the IT and R&D sectors.
7. Ensuring professional and social development for everyone. We will create conditions for our citizens to return and live comfortably in Ukraine.
8. Ensuring internal security and protecting NATO's eastern border. Ukraine's security will be guaranteed by a powerful army of more than 500,000 troops and a developed defense sector.

The development of key sectors will allow us to achieve the goal of $1 trillion in GDP. Economic growth will ensure the needs of defense and social sphere, education and healthcare, without putting a critical burden on the state budget.

The key prerequisites for Ukraine's recovery and investment attraction are joining NATO and the EU. Full membership in these organizations will ensure security, access to large markets, and consolidate institutional reforms.

Alongside its move towards the EU and NATO, Ukraine will focus on domestic transformations to become the best country for doing business in the region. Key reforms will be implemented in the areas of good governance, improving the business climate, access to capital and fiscal policy, as well as ensuring human potential and the functioning of a modern labor market.

In the following days of her visit to London, Yulia Svyrydenko will continue bilateral and multilateral meetings with investors and international partners to agree on further implementation of projects in key sectors.

On June 29, a presentation of the vision of Ukraine's recovery and expanded sectoral strategies for business and the public will be held in Kyiv. Details of the event and conditions of participation will be announced later.