PM Shmyhal: Coalition for Ukraine’s recovery will include partner countries and private business

PM Shmyhal: Coalition for Ukraine’s recovery will include partner countries and private business

The coalition for Ukraine’s recovery will necessarily include partner countries, Ukrainian and international private businesses.

"In a few years, Ukraine will not just be next to the European Union. Ukraine will be a member of the EU. Two years will be sufficient for us to implement the principal norms of the European Union. For international companies, this opens up new opportunities and is an important signal for promising investments in various sectors of our economy," Prime Minister of Ukraine Denys Shmyhal said at the economic panel "Private Sector and Recovery" during the Ukraine Recovery Conference in Lugano, the Government portal informs.

As the PM noted, the total volume of the reconstruction program is already estimated at USD 750 billion.

"Restoration of infrastructure, green transition, construction of new generation, increase in gas production, deep processing in the agricultural sector and metallurgy, IT sector. All these are projects with a potential of billions, and we invite international businesses to invest in these industries," the Prime Minister said.

Read also: Ukraine recovery: Lugano Conference participants sign Outcome Declaration

The Head of Government also thanked the international and Ukrainian companies that continue to work in Ukraine, pay taxes, help people and implement social projects. According to him, this is an example of the principle ‘United in our defense – united in our recovery’.

As reported, the Ukraine Recovery Conference on the restoration of Ukraine after the military aggression of the Russian Federation is held in Lugano, Switzerland, on July 4-5.

On July 5, representatives of more than 40 countries and about 20 international organizations approved the Lugano Declaration as the outcome document of the Ukraine Recovery Conference URC2022 and pledged to support Ukraine.


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