Switzerland is ready to provide long-term support and intends to allocate for Ukraine at least another $1.7 billion over the period until 2028, Swiss Info reports citing Foreign Minister Ignazio Cassis.
“Swiss Foreign Minister Ignazio Cassis stressed that his country is ready to provide long-term support to Ukraine and that Bern intends to allocate at least another 1.5 billion Swiss francs ($1.7 billion) to Kiev over the period until 2028,” the website said Thursday.
It noted that “this support will be provided as part of the overall international cooperation strategy announced by the Swiss Ministry of Foreign Affairs (EDA) on Wednesday, April 12, 2023.”
“With the 300 million francs already allocated by Bern for 2023 and 2024, Switzerland will provide a total of at least 1.8 billion francs in support to Ukraine over the next six years,” it said.
In addition, the foreign minister speaking at the meeting of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington stressed the importance of the Lugano Declaration, adopted on July 5, 2022 in Lugano.
The declaration provides seven principles for Ukraine’s recovery process: partnership, focus on reform, transparency, democratic participation, multi-stakeholder engagement, equity and sustainability.
Cassis notes that “this document contains important guiding principles of international support for Ukrainian reforms.”
Before the conference in Washington, D.C., the Swiss foreign minister held consultations with Ukrainian Prime Minister Denis Shmygal.
