Ukraine and Switzerland Signed an Investment Treaty

by Olha Povaliaieva
Tuesday, July 5, 2022
Ukraine and Switzerland Signed an Investment Treaty

Switzerland will invest in Ukrainian public and private projects after the war

The prime minister of Ukraine, Denys Shmyhal, visited Lugano, Switzerland on a business visit. On July 4 and 5, a summit on the reconstruction of Ukraine is being held in Switzerland. It was there that the Ukrainian prime minister arrived, supported by the head of parliament, Ruslan Stefanchuk, and some politicians. The first day of the conference on the reconstruction of Ukraine has already brought its results.

As part of an event that brought together a lot of foreign politicians and influential personalities, Switzerland has offered to assist in "green" recovery. Switzerland will invest money in Ukrainian projects that will reduce carbon emissions and promote the country's environmental transformation. The treaty has already been signed between the two countries and will be bilateral. Under the treaty, Switzerland will receive verified mitigation results.

"After our victory, Switzerland will invest in the implementation of Ukrainian public and private climate projects "green" recovery. The relevant agreement was signed in Lugano today. We are talking about projects in the field of electricity, heat, industry, transport, construction, agriculture and waste," wrote Denys Shmyhal in Telegram.

Note that during the 2-day meeting of political and financial leaders of the world, it is planned to present an extensive plan for the recovery of Ukraine. It should also be noted that this is already the 5th meeting of politicians. However, before that conference had a reformist character. But the Russian Federation's attack on Ukraine forced not reform but reconstruction.

The next UkraineRecovery will be held in the UK.

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