The EC will create an equity fund to promote Ukraine’s recovery.

German Chancellor Olaf Scholz reported that his country and its European partners are already defining decisive guidelines and essential prerequisites for Ukraine’s successful recovery.

“Recovery will require large investments, which is impossible without private capital. We are talking about the recovery of a country – a future member of the EU. Ukraine has huge potential in the field of renewable energy and hydrogen, as well as promising sectors such as digitalization and IT, health care and the pharmaceutical industry,” he said.

Scholz noted that Germany and its partners strive to support the expansion of the economic development fund. This primarily involves helping small and medium-sized enterprises. In addition, Scholz emphasized that Ukraine currently needs opportunities to improve businesses’ access to European capital.

“Therefore, the EC will create an equity fund that will mobilize important funds for Ukraine,” he said.