South Korea is increasing its aid to Ukraine to $150M. South Korean President Yoon Suk Yeol made the corresponding announcement following a meeting with President Volodymyr Zelenskyy in Kyiv. Korea plans to allocate funds for the infrastructure restoratio... #KakhovkaHPP #SouthKoreaAid #UkraineReconstruction #YoonSukYeol #Zelenskyy
Ukraine is preparing a recovery plan based on the €50B promised by the EU. The Government of Ukraine has started preparing a recovery, reconstruction, and modernization plan (Ukraine Plan), which is necessary to receive financial assistance from the EU after 2023, the Minist... #EUfinancialAid #UkraineReconstruction #UkraineRecovery #YuliyaSvyridenko
Ukraine’s largest producer of construction materials has bought its own fleet. The Kovalska industrial and construction group acquired several companies and equipment to develop its mining of river sand on the Dnipro and Desna rivers. According to the company, quarries with lice... #ConstructionMaterialsUkraine #KovalskaGroup #SandMining #UkraineReconstruction
The Export Credit Agency of Poland can join the war risk insurance program. Ukraine and Poland discussed the inclusion of the Polish Export Credit Agency (KUKE) in war risk insurance. According to the Ministry of Economy this was discussed during a meeting between Deputy Mini... #InvestmentsinUkraine #JadwigaEmilewicz #KUKE #MilitaryRiskInsurance #TarasKachka #UkraineReconstruction
The EU will tax profits on frozen Russian Central Bank assets. EU leaders are backing plans that would impose a windfall tax on profits generated by more than €200B in Russian Central Bank assets to aid Ukraine’s reconstruction and will seek political support fro... #RussianAssetsConfiscation #RussianCentralBank #UkraineReconstruction #UrsulavonderLeyen
Germany opposes the plan to transfer profits from frozen Russian assets to Ukraine. Germany has spoken out against the European Commission’s plan to give Ukraine profits from frozen Russian assets, saying the hasty move could cause legal or financial risks. According to the FT,... #MarcoBuschmann #ReparationsForUkraine #RussianAssets #RussianCentralBank #UkraineReconstruction
Ukraine is preparing a mechanism for confiscating $500B in Russian assets frozen by the West. During the speech at URC2023, Ukrainian Prime Minister Denys Shmyhal said Ukraine proposes to create a universal system under which the internationally recognized aggressor will pay for its crimes. Th... #ConferenceLondon2023 #DenysShmyhal #RussianAssets #UkraineReconstruction #UkraineRecovery #UkraineRecoveryConference
The EU is preparing a plan to transfer revenues from frozen Russian Federation assets to Ukraine. The President of the European Commission, Ursula von der Leyen, promised to present it before the “summer vacation” at the Conference on the Reconstruction of Ukraine in London. She noted ... #financialaidforUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #UrsulavonderLeyen
Ukraine will present a transparent recovery project reporting system in London. During the Ukraine Recovery Conference 2023 in London, the Ministry of Recovery will present 45 projects with international structures, as well as a plan for the unification of procedures, digitizatio... #OleksandrKubrakov #UkraineReconstruction #UkraineRecovery #UkraineRecoveryConference
Ukraine will spend UAH 11B on priority reconstruction projects, and more than UAH 1.5B will be allocated to the Kakhovka HPP disaster. At an external meeting in the Kherson region, the Government decided to provide UAH 6.6B ($180M) from the Fund for the Elimination of the Consequences of Armed Aggression for the implementation of ove... #CompensationForUkraine #DenysShmyhal #KakhovkaHPP #UkraineReconstruction #UkraineRecovery
Ukrainians consider corruption to be the main risk in rebuilding the country. 73% of Ukrainians and 80% of business representatives are most concerned about the resumption of corruption schemes in the reconstruction process. In addition, according to Transparency International ... #CorruptioninUkraine #UkraineReconstruction #UkraineRecovery
For the first time in Ukraine, a village destroyed in the war will be rebuilt from scratch. The restoration agency presented the restoration concept for the village of Posad-Pokrovske near Kherson. “This is the first step on the way to the implementation of our ambitious project to res... #MustafaNayem #PosadPokrovske #UkraineReconstruction #WarDamage
The largest Ukrainian shopping mall, Ocean Plaza, will be privatized, and the proceeds will be directed to Ukraine’s restoration. The Cabinet of Ministers has transferred the state’s share of the Ocean Plaza shopping and entertainment center to the State Property Fund (SPFU). In addition, the government has ordered its assets to... #ArkadyRotenberg #OceanPlaza #PrivatizationinUkraine #StatePropertyFund #UkraineReconstruction
The Ministry of Reconstruction has explained where the money to rebuild the country will come from. According to the Minister of Reconstruction of Ukraine, Oleksandr Kubrakov, half of the reconstruction’s financing should be covered by the seized assets from the Russian Federation. Partners will fun... #OleksandrKubrakov #ReparationsfromRussia #UkraineReconstruction #UkraineRecovery
Ukraine’s industrial post-war recovery will occur with eco-modernization and emission reduction. The Ukrainian Parliament adopted the draft law, On Ensuring the Constitutional Rights of Citizens to an Environment Safe for Life and Health. The legislation will enable the implementation of European... #EcoModernization #IndustrialPollution #RuslanStrilets #UkraineReconstruction
Ukraine will join the Development Bank of the Council of Europe. The Ukrainian parliament adopted a law to allow Ukraine to become a member of the CEB, which will contribute to developing new housing and social infrastructure programs and provide opportunities to a... #CEB #UkraineJoiningTheCEB #UkraineReconstruction
The Minister of Finance of Ukraine met with representatives of the World Bank, IMF, and IFC to discuss funding for the reconstruction. Serhii Marchenko discussed this during the meetings of the member countries of the IMF and the World Bank in Montenegro. He reminded the participants that Ukraine needs $14.1B for recovery this year i... #AntonellaBassani #InvestmentsinUkraine #SerhiyMarchenko #UkraineReconstruction #UkraineRecovery
Domestic manufacturers of building materials will be able to fully provide Ukraine’s post-war reconstruction needs, said one of the heads of the USAID project Economic Support of Eastern Ukraine, Brian Milakovsky, commenting on the USAID study. He emphasized that Ukrainian manufacturers should play a leading role i... #BrianMilakovsky #BuildingMaterials #UkraineReconstruction #UkraineRecovery
An American software developer will help Ukraine with the defense sector and reconstruction. The Ministry of Digital Transformation and Palantir signed a memorandum of collaboration that involves the use of Palantir technologies, particularly in assessing damage to buildings and infrastructur... #AlexKarp #DigitalizationOfUkraine #Palantir #UkraineDefenseSector #UkraineReconstruction
The UN gives an estimate for the cost of restoring Ukraine and the economic forecast for the world economy. The UN has estimated that the amount needed to restore Ukraine’s infrastructure is already $411B. The organization’s report notes that despite financial assistance from international organ... #GlobalEconomy #UkraineReconstruction #UnitedNations #WarinUkraine #WorldEconomyForecast
Ukraine lacks $6.5B for rapid reconstruction, said Minister of Finance Serhii Marchenko. He notes that of the $14B needed for rapid reconstruction, $3.3B is already in the budget. There are also stated intentions of partners to finance these costs. In particular, the US will allocate $2.3... #financialaidforUkraine #SerhiyMarchenko #UkraineReconstruction #UkraineRecovery
The US has approved the transfer of a Russian oligarch’s confiscated assets to Ukraine. For the first time, the United States authorized the confiscation of the assets of a Russian oligarch with their subsequent transfer to be applied to the restoration of Ukraine. The FT writes about th... #KonstantinMalofeev #MerrickGarland #RussianAssets #UkraineReconstruction
The European Commission has legal grounds to use the assets of the Russian Federation for the reconstruction of Ukraine. According to spokesperson Christian Wiegand, the European Commission has confirmed that it has developed legally acceptable options for the use of Russian assets, both private and state, for Ukraine’s... #ChristianWiegand #RussianAssets #RussianCentralBank #SanctionsAgainstRussia #UkraineReconstruction
The Ukrainian government presents a guide for investors in Ukraine. To create new opportunities for investors, the involvement of which will accelerate the country’s reconstruction and the recovery of key economic sectors, Ukrainian authorities agreed on investment gu... #MilitaryRiskInsurance #UkraineInvestments #UkraineReconstruction #UkraineRecovery
At the Lugano Business Forum on May 11-12, participating businesses will discuss Ukraine’s reconstruction. Lugano, Switzerland is where the Conference on the Reconstruction of Ukraine was held in July 2022 and will host the first Lugano Business Forum on May 11-12. The forum will gather representatives fro... #LuganoBusinessForum #UkraineInvestments #UkraineReconstruction #UkraineRecovery
Germany will provide an additional €111M for Ukraine’s reconstruction. Federal State Secretary Johann Flasbart arrived in Kyiv yesterday and discussed Germany’s next aid package with Deputy Prime Minister Iryna Vereshchuk and Minister of Finance Serhiy Marchenko. The Ger... #IrynaVereshchuk #JohannFlasbart #UkraineReconstruction
Ukraine wants domestic companies to carry out 60% of all restoration work. After the war, it will be necessary to provide preferential loans to local businesses involved in producing building materials needed for reconstruction, said the head of the parliamentary committee o... #BuildingMaterials #OlenaShulyak #UkraineReconstruction
Germany launches the National Platform for the Reconstruction of Ukraine. On March 27 during an event dedicated to the platform’s opening Germany discussed its potential contribution to Ukraine’s post-war reconstruction. It considered options for possible cooperation ... #GermanyandUkraine #UkraineReconstruction
Zelenskyy invites American investors to enter the Ukrainian market. During an online speech at the spring meeting of the board of directors of the National Association of US Manufacturers, Ukrainian President Volodymyr Zelenskyy called on all companies to come to Ukra... #InvestmentsinUkraine #UkraineReconstruction #Zelenskyy
Ukraine plans the return of more than 4.6 million citizens for reconstruction. Ukrainian authorities are working to create conditions suitable for the repatriation of more than 4.6 million refugee citizens. Without their participation, it will be difficult to complete the task o... #UkraineReconstruction #YuliyaSvyridenko
UAH 35.5B from the Elimination of the Consequences of Armed Aggression fund will be spent on restoring the country. As reported by the government, the funds will be directed to the following main areas: construction of public buildings, structures for civil protection, construction, reconstruction, an overhaul of c... #UkraineReconstruction #UkraineWarDamages
A European working group will explore using frozen Russian assets for Ukraine. An EU working group will be set up to look at using frozen Russian assets for the reconstruction of Ukraine, the Swedish Presidency of the Council of the EU said on Tuesday. The Swedish presidencyR... #RussianAssetsConfiscation #UkraineReconstruction #UlfKristersson
Ukraine presents its reconstruction plan to the G7 ambassadors. At a meeting with the ambassadors from the Big Seven countries, Minister of Infrastructure Oleksandr Kubrakov presented the strategic recovery directions for 2023. The restoration of critical infrastr... #OleksandrKubrakov #UkraineReconstruction
Ukraine launches a project to support businesses that will be involved in restoring the economy. On January 17 at the World Economic Forum in Davos, the Ministry of Digital Transformation presented an in-depth Impact Business acceleration program. It will support 25 Ukrainian enterprises in vario... #GrantsForBusiness #SupportBusiness #UkraineReconstruction
A newly created state agency will manage Ukraine’s reconstruction. The government has created a new entity associated with the Ministry of Infrastructure called the State Agency for Reconstruction and Development of Infrastructure of Ukraine. As Prime Minister Denys... #DenysShmyhal #InfrastructureofUkraine #UkraineReconstruction
Japan may play a leadership role in the establishment of Ukraine’s reconstruction fund. Japan, which will chair the G7 in 2023, is in a position to assume a key role in the formation of the fund for the post-war reconstruction of Ukraine, said the ambassador of Ukraine to Japan, Serhii K... #JapanandUkraine #SerhiyKorsunskyi #UkraineReconstruction
United24 funds will be used to begin the reconstruction of damaged housing in the Kyiv region. The cabinet has launched a reconstruction project for the first 18 apartment buildings with money raised through the United24 fundraising platform. These residential buildings are located in Irpen, Bo... #DenysShmyhal #UkraineReconstruction #United24
Ukraine already knows where to get the first UAH 110B for reconstruction. The government has identified four key funding sources for Ukraine’s recovery program, Prime Minister Denys Shmyhal said. First, UAH 17B of confiscated funds from Russian banks have already been... #DenysShmyhal #RussianAssetsConfiscation #UkraineReconstruction
Ukraine presents reforms for rebuilding the infrastructure. The Minister of Infrastructure, Oleksandr Kubrakov, spoke about the key directions of the Ministry’s work, which are necessary to implement transparent and effective reconstruction of the destro... #OleksandrKubrakov #ReformsinUkraine #UkraineReconstruction
The EIB is preparing initiatives for Ukraine’s reconstruction. The European Investment Bank is working on initiatives that should help Ukraine’s recovery in both the short and long term, said EIB investment adviser Oksana Remyga. Remyga explained that this is par... #EIBInvestments #OksanaRemyga #UkraineReconstruction
The US is discussing transferring the Russian Federation’s confiscated assets to reconstruct Ukraine. The sale of confiscated assets and transfer of seized funds would significantly facilitate the process of compensation for damages caused by the Russian war on Ukraine. This proposal was put forward b... #RussianAssetsConfiscation #UkraineReconstruction
Ukraine’s recovery plan envisages $37B in agricultural sector investment. Ukraine’s recovery plan for 2022-2032 consists of several projects in the farm sector, the implementation of which will require at least $37B in investments, reported Interfax-Ukraine. The plan also ... #AgroInvestments #RecoveryPlan #UkraineReconstruction
Ukraine’s government has allocated funds for the reconstruction of liberated territories. The first billion hryvnias have been allocated for the rebuilding of settlements liberated from Russian invaders. “We are sending the first billion hryvnias from the reserve fund to rebuild the ... #Chernihiv #reconstruction #Sumy #UkraineReconstruction #Zhytomyr
