Switzerland Will Allocate $1.7 Bln to Ukraine Until 2028

by Meifan Honcharuk
Friday, April 14, 2023
Switzerland Will Allocate $1.7 Bln to Ukraine Until 2028

On April 12, Ignazio Cassis announced an additional contribution to the post-war reconstruction of Ukraine

Swiss foreign minister Ignazio Cassis of Switzerland, during a speech at an IMF conference in Washington, said that his state "provides long-term support to Ukraine."

The Swiss Ministry of foreign affairs reported that the state provided Ukraine with 300 million francs for 2023-2024 and is now ready to allocate another $1.7 billion until 2028 as part of the international cooperation strategy.

We remind you that Switzerland is one of the founders of the international Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund.

On July 4-5, 2022, the Ukraine Recovery conference was held in Lugano, Switzerland, during which the prime minister of Ukraine, Denys Shmyhal, presented a 10-year program for the restoration of Ukraine after the victory in the war. More than 40 states and 20 international organisations have joined the implementation of this plan. Speaking to the IMF audience, Ignazio Cassis mentioned the importance of the Lugano declaration since it contains all the basic principles of transnational assistance to the reformation of Ukraine.

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