Great Britain will attract investment for Ukraine despite the war.

Bloomberg writes that the country is developing a military risk insurance scheme that will convince investment, technology, energy, and defense companies to support Ukraine’s recovery with multibillion-dollar investment. The UK plans to enlist the support of world leaders and global managers for involvement in proposals to finance Ukraine’s reconstruction after the war at a conference in London on June 21-22.

While governments are likely to promise new direct financing for Ukraine, private investment guaranteed by governments would be a more cost-effective way to raise additional funds. Efforts are also being made to lobby countries not directly involved with Ukraine to help in its recovery.

Moreover, Great Britain is trying to convince Saudi Arabia and Turkey to participate in the conference, believing it will be a diplomatic victory and send a signal to Moscow. Britain wants private sector firms to sign a business deal agreeing to invest in Ukraine, which is unlikely to give the parties final monetary commitments.