This is an opportunity to attract additional investment into the country and turn loss-making enterprises into businesses that generate additional revenue for the state and jobs for Ukrainians.
This was discussed during a meeting between Yulia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy, and Volodymyr Kuzyo, Deputy Minister of Economy, who are on a working visit to London, and David Cameron, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom.
During two years of full-scale war, the UK has become one of Ukraine’s most reliable partners. The UK was the first country to sign the Security Cooperation Agreement with Ukraine, supported our economy, became the driving force behind Ukraine’s introduction of war risk insurance for ships in the Black Sea.
“Thanks to the UNITY insurance mechanism, we have already managed to halve the market insurance rate. We have issued the first two policies and are still waiting for a decision. I am grateful to our partners for their willingness to join forces to make the Ukrainian economy more resilient and self-sufficient,” said Yulia Svyrydenko.
During the visit, she also met with EBRD President Odile Renaud-Basso and former UK Prime Minister Tony Blair. The parties discussed how to make Ukraine attractive to international investors.
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