A international standard stock market and commodity exchange – NEXT-UA — is the goal

of a Memorandum of Understanding signed Monday by the Cabinet of Ministers with EBRD, USAID, and AmCham Ukraine. “NEXT-UA will facilitate the integration of Ukraine’s markets into the international ecosystem, improve price discovery for commodities and provide hedging mechanisms for businesses in the form of transparent markets for capital, energy, agriculture and other sectors,” reads a release by the American Chamber.

Developing Ukraine’s stock market infrastructure will be the goal of an agreement to be signed this week by Ukrainian authorities with EBRD, USAID and the American Chamber of Commerce.

 “We are working on the development of the stock market infrastructure,” Prime Minister Shmygal said last week at the UkraineInvest Talks Dnipro International Investment Forum. “There is quite a lot of money provided for the clearing system for stock market development in Ukraine.”

Yesterday, the US Embassy announced that the US Government is providing $155 million in “additional development funding” through USAID.

In the heading “Counter Russian Aggression” the US will provide $63 million “to reduce Ukraine’s energy and economic dependence on Russia by advancing connections to Europe’s energy grid and strengthening businesses in the East.” Other business-oriented projects include: promoting transparency, building the land market, safeguarding anti-corruption institutions, expanding judicial reform and supporting the development of online e-government platforms.