USAID plans to invest $230M in Ukrainian business.

The US Agency for International Development will work with Congress to accomplish this goal. USAID head Samantha Power said that the money should help companies comply with EU rules and export more goods and services to Europe. It will also help enterprises scale and expand their activities and create more jobs. In addition, according to Power, USAID will help attract investors to the Ukrainian market.

“We will expand the use of tools such as low-interest loans or business grants and guarantees in case of first loss, which will reduce the risk of investing in Ukraine. And we will work together to attract more investment and participation from the private sector here in Ukraine. This is again an investment in the sustainability of today, as well as in the economy of tomorrow,” Power emphasized.