Business news from Ukraine

Shmyhal says Ukraine needs $10 to $30 bln in annual investments over next 10 years

Prime Minister Denys Shmyhal says Ukraine needs $10 to $30 billion in annual investments over the next 10 years.

„As part of the Recovery Conference in Berlin, a meeting of the Multilateral Donor Coordination Platform was held today. For the first time at the ministerial level. I emphasized the importance of clearly defining the tasks and priorities for the platform’s work,” Shmyhal wrote on his Telegram channel.

According to him, first of all, it is about the financial stability of Ukraine.

„It is important for us that the support of our partners is predictable, rhythmic and stable.
We need recovery, access to foreign markets and improved logistics. We need foreign investment and technology transfer from our partners. Ukraine needs $10 to $30 billion in annual investments over the next 10 years,” the Prime Minister emphasized,

Shmyhal emphasized that after the unprecedented Russian attacks on the Ukrainian energy system, the energy sector needs special support.

“More air defense, more energy equipment, assistance in expanding electricity imports to Ukraine, assistance in decentralizing the energy system,” he added.

,