Which will enable the involvement of €200 million for the reconstruction and restoration of critical infrastructure and projects in priority sectors of the economy. This announcement was made by the Ministry of Economy of Ukraine.
Key Highlights:
Grant Agreement with France:
- The agreement, initially discussed during a visit to Paris in June, aims to provide Ukraine with €200 million in grants from France.
- These funds will be allocated towards the recovery efforts necessitated by Russia's ongoing armed aggression.
Allocation of Funds:
- Critical Infrastructure: A significant portion of the grant will be directed toward reconstructing and restoring critical infrastructure.
- Priority Sectors: The funds will focus on several key sectors, including:
- Energy: Projects aimed at restoring and enhancing energy infrastructure.
- Healthcare: Initiatives to rebuild and modernize healthcare facilities and services.
- Infrastructure: Investments in transportation and logistical networks to boost economic recovery.
- Agriculture: Support for agricultural development and modernization.
- Water Supply and Drainage: Enhancements to ensure sustainable and efficient water management.
- Waste Processing: Projects to improve waste management and environmental sustainability.
- Demining: Efforts to clear landmines and unexploded ordnance, ensuring safe land use.
- Housing Construction: Initiatives to address housing needs, particularly for displaced populations.
- Digital Technologies: Investments in technology to drive innovation and improve service delivery.
Statement by Minister of Economy:
- First Deputy Prime Minister and Minister of Economy Yuliya Svyridenko emphasized the importance of this agreement for Ukraine’s recovery efforts.
- “At the beginning of June, during a visit to Paris, we agreed with the French government to provide Ukraine with grants worth €200 million, which will go towards the recovery of the country from the consequences of Russia's armed aggression. Today, we took another step to finalize the necessary internal procedures to receive these funds,” Svyridenko stated.
Next Steps:
- Ratification Process:
- For the grant agreement to become effective, it requires approval from the Verkhovna Rada, Ukraine's parliament, and must be signed by the President of Ukraine.
- Implementation Timeline:
- Following ratification, the funds will be disbursed to enterprises and projects aligned with the grant's objectives, targeting swift recovery and infrastructure enhancement.
Strategic Importance:
Economic Recovery:
- This grant represents a vital financial injection aimed at revitalizing Ukraine's economy, particularly in sectors severely impacted by the ongoing conflict.
Strengthening International Ties:
- The agreement highlights the strong bilateral relations between Ukraine and France, showcasing international support for Ukraine's recovery efforts.
Focus on Resilience:
- By targeting critical infrastructure and key economic sectors, the grant aims to build resilience against future challenges, fostering sustainable growth and development.
The approval of this draft law marks a significant milestone in Ukraine’s journey toward recovery and rebuilding, underscoring the international community's commitment to supporting Ukraine in these challenging times.
