More attention should be paid to what foreign private investors could do for Ukraine. “We have to recognize that there is capital there, that there are high-level people,” said Finance Minister Sigrid Kaag. “Ukraine is looking for foreign private investors who can help with the country’s rapid recovery in unoccupied areas.”
Minister D66 said this after a meeting of EU finance ministers in Stockholm. In the presence of their Ukrainian counterpart Sergii Marchenko, they discussed the reconstruction of the country devastated by the Russian invasion.
Billions are needed, for example, to repair transport and energy infrastructure destroyed by the Russians and houses and buildings destroyed by bombs, or to de-mine. International financial support is not enough.
“At Any Cost”
“Ukraine needs a lot of private money,” said European Commission Vice-President Valdis Dombrovskis. ‘It is therefore important to make the country more attractive as an investment destination. We are working on ways for EU companies to support Ukraine’s reconstruction with export credits and investment insurance.’
Ministers reaffirmed their commitment that the EU will continue to support Ukraine at all costs. “Whatever it takes,” says Kaag.
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
