Ukraine plans to attract over $2B in investment in critical materials production and green technologies within five years.

The country has substantial reserves of titanium, graphite, manganese, lithium, uranium, and other vital materials and aims to develop production of components for batteries, solar panels, and defense technologies, said Deputy Minister of Economy Andriy Telyupa.

“The goal is to attract over $2B in investment and initiate more than 20 projects over five years. In the long run, Ukraine should become not only an exporter of raw materials but also a hub for green and defense tech manufacturing within the EU,” he added.

Telyupa highlighted Ukraine’s competitive edge in mechanical engineering, critical materials, the IT sector, and renewable energy.

He also discussed the Industrial Ramstein initiative, patterned after the defense format and designed to mobilize international support for restoring and modernizing industry. The initiative involves transferring equipment as humanitarian aid, a program for partial purchase financing, engaging export credit agencies to mitigate risk and lower loan cost, and certifying production to international standards.