European banks are providing Ukraine with funding to support housing for internally displaced persons and restore critical infrastructure. Consequently, Ukraine will receive €50M from the Council of Europe Development Bank (CEB) to finance a preferential mortgage program for families of internally displaced persons (IDPs). “These f... #CEB #EIB #infrastructureUkraine #InternallyDisplacedPeople #MortgagesUkraine #UkraineRecovery #UkraineRestoration
The restoration of Mykolaiv’s ports will make logistics cheaper and increase Ukrainian exports. Since the beginning of the full-scale invasion, the ports of Mykolaiv have remained blocked: the enemy is close to the Dnipro–Bug estuary and controls access to the sea. Restoring the entire operation... #MykolaivSeaPort #UkraineExport #UkraineMaritimeCorridor #UkraineRestoration
The West continues discussing the confiscation of Russian assets – the US offers to develop a mechanism together with France. US Treasury Secretary Janet Yellen called on French Finance Minister Bruno Le Maire to help develop options for Ukraine to use frozen Russian assets before a June summit after he publicly rejected Yel... #BrunoLeMaire #JanetYellen #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The Restoration of Ukraine conference in Tokyo on February 19-20 will involve about 200 Japanese and Ukrainian companies. Ahead of the conference, Tokyo is working on incentives for Japanese companies to open businesses in Ukraine to help with its recovery. The Japanese government plans to ease travel restrictions and al... #FumioKishida #JapanAidForUkraine #TokyoConference #UkraineRestoration
Despite the war, businesses are ready to invest in Ukraine. According to a year-end European Business Association survey, Ukraine’s investment attractiveness index decreased slightly to 2.44 points out of a possible five (2.48 points in 2022). The majori... #InvestmentClimatUkraine #InvestmentsinUkraine #UkraineReconstruction #UkraineRestoration
The EC approves a plan for the use of the Russian Federation’s frozen assets for Ukraine’s benefit. As a high-ranking EU official told journalists at a closed briefing, the European Commission will not publish the proposal but will submit it to the European Council for study and decision-making. The... #EuropeanCommission #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The EIB will allocate €450M to Ukraine for two recovery projects. The first two tranches from the European Investment Bank for €100M of the planned total of €450M may be approved by the end of 2023. The funds will be directed to two projects: Ukraine Recovery III FL... #EIB #infrastructureUkraine #KakhovkaHPP #UkraineRecovery #UkraineRestoration
The US finds a way to transfer frozen Russian assets to Ukraine. US President Joe Biden may use the International Emergency Economic Powers Act (IEEPA) of 1977 to gain access to them. The law states that the president may block, regulate, direct, annul, prevent, or... #IEEPA #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The EU looks to transfer Belarusian assets for the restoration of Ukraine. According to a document adopted by the European Parliament, deputies believe it is necessary to find legal ways to seize the Belarusian leadership’s assets and related Belarusian structures that... #alexanderlukashenko #BelarusianAssets #Putin #SanctionsAgainstBelarus #UkraineRestoration
EU officials visited Kyiv during the Independence Day holiday to discuss cooperation and aid. In Kyiv, Prime Minister Denys Shmyhal discussed the restoration of Ukraine’s infrastructure with Portugal’s president. The parties talked about rehabilitation of Ukrainian soldiers and hum... #DenysShmyhal #SupportUkraine #UkraineRestoration
More than 12,500 objects have been restored in the Kyiv region. Almost half of the facilities damaged by Russia’s aggression have already been fully or partially restored in the Kyiv region – more than 12,500 out of 27,700 facilities, said Ruslan Kravc... #HousingDamagesUkraine #KyivRestoration #RuslanKravchenko #UkraineRestoration
Denmark and Latvia allocate more than €1B for Ukraine’s reconstruction. On April 28, at the invitation of Minister Dmytro Kuleba, the heads of foreign affairs of Latvia, Denmark, Estonia, Iceland, Lithuania, Norway, and Sweden made a joint visit to Odesa, including the De... #DmytroKuleba #EdgarsRinkevics #LarsLückeRasmussen #UkraineRestoration
The EU will use frozen Russian assets for the benefit of Ukraine. The EU is studying its legal options for the use of frozen Russian currency reserves, including their investment to obtain profits that will be directed to Ukraine’s restoration, writes Politico. Unde... #RussianAssets #UkraineRestoration
The world’s largest investment banks are ready to join in Ukraine’s restoration. “We are interested in and prepared to join the recovery of Ukraine, attracting capital and leadership in the capital markets,” Goldman Sachs CEO David Solomon said at the Ukrainian Breakfast in Davos.... #BlackRock #DavidSolomon #InvestmentsinUkraine #LarryFink #UkraineRestoration
The EU wants to become a leader in the restoration of Ukraine. The European Union is ready to play a leading role in restoring Ukraine’s infrastructure, European Commission spokeswoman Ana Pisonero said. She noted that the G7 countries have agreed to coordi... #AnaPisonero #InvestmentsinUkraine #UkraineRestoration
The government allocates UAH 1.7B from the World Bank to individual regions for critical infrastructure repairs. The Cabinet of Ministers approved the procedure and conditions of the budget subvention for the restoration of critical infrastructure, which will be financed by a loan from the IBRD from the World Ba... #InfrastructureofUkraine #UkraineRestoration #WorldBankAidforUkraine
Zelenskyy launches the Fund for the Liquidation of the Consequences of Russian Aggression. President Volodymyr Zelenskyy signed a law amending Ukraine’s 2022 budget to create the Fund for the Elimination of the Consequences of Armed Aggression. The legislation suggests that all money from t... #RestorationFundofUkraine #UkraineRestoration #Zelenskyy
The Zelenskyy office has explained how the Restoration Fund of Ukraine will work. According to the deputy head of the Office of the President, Kyrylo Tymoshenko, the new law on the Ukraine Restoration Fund will allow all reconstruction projects to be carried out through the fund be... #KyryloTymoshenko #RestorationFundofUkraine #UkraineRestoration
Japanese corporations have created special offices focused on Ukraine. Japanese companies are not yet ready to build production facilities in Ukraine. However, they are studying this issue, and the largest corporations have created special offices focused on Ukraine. The... #JapanandUkraine #SerhiyKorsunskyi #UkraineRestoration
Ukraine’s reconstruction may cost €1T, and it should start immediately. Ukraine may need as much as €1T in outside assistance to repair the damages inflicted by Russia’s invasion, according to European Investment Bank chief Werner Hoyer during his speech at the Forum 200... #Forum2000 #UkraineRestoration #WernerHoyer
The Prime Minister of Poland initiates a plan to restore Ukraine for €100B. Systematic support for Ukraine with a €100B recovery plan, stricter sanctions against Russia, and general energy independence are the main tenets presented by Polish Prime Minister Mateusz Morawiecki... #MateuszMorawiecki #RestoreUkraine #UkraineRestoration
