A US special representative in Kyiv announces $700M in aid to modernize Ukrainian ports and railways.

“The US plans to provide $700M to modernize Ukrainian checkpoints, ports, and railways to improve logistics and increase export capacity,” said Minister of Infrastructure Oleksandr Kubrakov after a meeting with US Special Representative Penny Pritzker.

As the minister clarified, during the meeting they also discussed investment in Ukraine’s energy network restoration, which was severely damaged at the end of 2022 and the beginning of 2023 by Russian shelling. Ukraine also needs money to restore water supply and sewerage, for demining, and to develop the agricultural sector.

Pritzker also met with President Zelenskyy and his team to discuss Ukraine’s macro-financial stability in 2024 and the use of frozen Russian assets as “an essential source of funds for the reconstruction of Ukraine”.

On October 16, the US Special Representative also met with representatives of the National Anti-Corruption Bureau, the Specialized Anti-Corruption Prosecutor’s Office, and the American Chamber of Commerce.