Ukraine, China discuss development of gas fields

Ukraine, China discuss development of gas fields

President of Ukraine Volodymyr Zelensky met with representatives of business and financial circles of the People’s Republic of China.

Zelensky stressed that one of the main priorities of his team was to guarantee the security of investments, the president’s press service reported on July 19.

"We exert efforts to entice investors to Ukraine. We are ready to protect the investment. But for this we need not only our desire but new Parliament and Government," he said.

According to the president, everything must be done to protect business from pressure of law enforcement agencies. "We confirm the reform of the judicial system and anti-corruption bodies. The High Anti-Corruption Court will start to work from September 5. After the formation of the majority in the new Parliament, a new prosecutor general will be nominated. Thus, we will be able to effectively protect investors from the effects of law enforcement agencies," he emphasized.

Zelensky proposed to discuss with representatives of business and financial circles of China the possibility of investing in the development of infrastructure, agriculture, as well as development of gas fields in Ukraine.

"One of the issues is the construction of a concession road around Kyiv," he noted.

In turn, representatives of Chinese government-owned corporation, which specializes in the construction of military infrastructure, talked about projects they could implement in Ukraine at their own expense. They proposed a range of projects in the areas of infrastructure, agriculture, energy efficiency, and financial services.

Meeting attendees compiled a preliminary list of projects with an investment potential of about USD 10 billion, which Ukraine is planning to implement in conjunction with Chinese companies of private and state ownership. The National Investment Council was designated as the coordinator of these projects, headed by the president.


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