The Netherlands Joins the Early Recovery of Ukraine

by Meifan Honcharuk
Monday, April 3, 2023
The Netherlands Joins the Early Recovery of Ukraine

The government and private business of the state confirm their intention to help rebuild the country before the end of the war

On April 2, Kyiv hosted a bilateral meeting of the teams of the ministries of the economy of Ukraine and the Netherlands regarding mutual cooperation during the restoration of Ukraine's critical energy and civil infrastructure.

"Currently, the reconstruction of Ukraine is the most ambitious project of the 21st century, which requires huge resources, and at the same time opens up new opportunities for business cooperation," minister of economy of Ukraine Yulia Svyridenko.

As of April 2, $411 billion are needed to restore our state. Of these, $14 billion are needed to rebuild the civil sector: schools, hospitals, kindergartens, and residential buildings. Currently, the Ministry has identified 5 main directions for early recovery: "Energy infrastructure, humanitarian demining, housing reconstruction, critical and social infrastructure, support of the private sector, in particular, small and medium-sized businesses."

These sectors are promising for investment by Dutch companies, so today, the prospect of increasing the limits from the ECA, Atradius, is being worked out. Military business insurance is a separate item necessary to attract foreign investors. Currently, Ukraine has already launched a war risk insurance program for private businesses and is also cooperating with international partners to establish a trust fund.

Svyridenko thanked the minister of finance of the Netherlands, Sigrid Kaag, for the unceasing assistance to our country, the batch of energy equipment to avoid shutdowns and restore the energy infrastructure of Ukraine.

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