Ukraine needs investment from the U.S. to rebuild and grow
The Ukrainian economy needs US investment to rebuild and grow. This was emphasised by Prime Minister of Ukraine Denys Shmyhal during a briefing with U.S. Special Representative for Ukraine's Economic Recovery Penny Pritzker.
"Ukraine is creating the most favourable investment climate to encourage potential investors. The main prerequisite for this is to provide Ukraine with additional air defence systems. This will help protect our entire civilian infrastructure from russian terrorism," said Denys Shmyhal.
According to the Prime Minister, the Government pays special attention to the development of cooperation with American manufacturers of weapons and ammunition. Ukraine is also interested in developing logistics routes and the energy sector.
Denys Shmyhal and Penny Pritzker jointly held a meeting with representatives of some of the largest American companies that want to invest in Ukraine or are already doing business in Ukraine.
"We want the United States to be one of our key partners not only in the defence sector, but also in the economic sector. We have many promising projects," the Head of the Ukrainian Government said.
He added that the U.S. Export-Import Bank provides USD 3 billion to finance contracts and projects in Ukraine.
Denys Shmyhal told the entrepreneurs about the most promising sectors of our economy: energy, agriculture, defence, mining and processing of critical raw materials, as well as IT.
"Ukraine is changing right now. We are introducing European reforms. We pay key attention to the rule of law and anti-corruption. We offer tax and regulatory benefits to investors, as well as expanding war risk insurance projects," the Prime Minister said.
Denys Shmyhal proposed to the US partners to create a Supervisory Board for the UkraineInvest Ukrainian Investments Promotion Office. It will include the heads of American companies. According to him, this will improve cooperation, attract new American investments to our market and facilitate the day-to-day operations of American companies in Ukraine.