Ursula von der Lein Urges Investing in Business in Ukraine

by Meifan Honcharuk
Tuesday, May 9, 2023
Ursula von der Lein Urges Investing in Business in Ukraine

"More business, more income, seamless access to the European single market"

During a press conference with Zelenskyy, Ursula von der Leyen said that "the European Union will continue its financial and military support to Ukraine and will be by its side for as long as necessary." This is encouraging, as Ukraine needs outside investment and new markets to rebuild its economy and the damage caused by the Russian war.

The president of the European Commission noted that Ukraine is responsibly preparing to join the European Union, and one of the first results of all reforms and restructurings following the European example could be Ukraine's inclusion in the European market.

"The accession process is in full swing. The speed, determination and accuracy with which you are advancing are impressive. In parallel, we agreed that we need to work as much as possible so that there is more business in Ukraine, more income, and thus it becomes possible for Ukraine unhindered access to the single European market," Ursula von der Leyen.

In turn, Zelenskyy named an area in which it would be beneficial for Ukraine and Europe to cooperate — electricity. The European Union can count on cheap electricity from Ukraine during the upcoming autumn and winter, and with the funds received, Ukraine will reduce the budget burden.

Ursula von der Leyen expressed respect for the sacrifice Ukrainians make daily for their freedom and European future.

"Your European friends will be by your side for as long as it takes, we are friends forever," president of the European Commission.

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