These are concrete practical results that will work to rebuild Ukraine.
The Prime Minister announced the formation of the Ukraine Business Compact, a coalition of businesses to invest in Ukraine. The initiative has already attracted 400 international companies.
In addition, Ukraine, the EU, Norway, Switzerland and the EBRD signed an agreement on joint work on war risk insurance.
The partners also announced new financial resources:
– EUR 50 billion from the EU as a new medium-term support instrument;
a three-year support programme worth £3bn from the UK;
– USD 1.76 billion under an agreement with the World Bank;
– EUR 600 million to the energy companies Ukrhydroenergo, Ukrenergo, and Naftogaz from the EBRD;
– a new €840 million portfolio of reconstruction projects from the European Investment Bank;
– USD 1.3 billion of announced aid from the United States;
– an additional €381 million in aid from Germany.
Denys Shmyhal stressed that the partners supported the idea of using frozen Russian assets to rebuild Ukraine and had no doubts about our membership in the European Union. He expressed his gratitude to the UK for organising the Conference and thanked the partners and allies who stand shoulder to shoulder with Ukraine.
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