Business news from Ukraine

CABINET OF MINISTERS WILL DIRECT UAH 1 BLN FROM RESERVE FUND TO RESTORE LIBERATED TERRITORIES

The Cabinet of Ministers is allocating the first billion hryvnia from the Reserve Fund to restore the territories liberated from Russian troops, Prime Minister Denys Shmyhal said.

“The funds will be used to eliminate the consequences of hostilities and the priority restoration of infrastructure,” Shmyhal wrote on the Telegram channel on Sunday.

According to him, UAH 400 million is allocated for the Kiev region, UAH 250 million each for Chernihiv and Sumy regions, and another UAH 100 million for the Zhytomyr region.

The Prime Minister noted that the funds will be used to repair engineering networks and systems for the restoration of heat, gas, water, electricity, as well as to dismantle the destruction, repair roofs, replace windows and doors, eliminate potholes on roads and other urgent needs.

The funds will be managed by the civil-military administrations in each region. On the part of the government, the process will be coordinated by the Ministry of Development of Communities and Territories.

“This is only the first stage, and there is still a lot of work to be done on the capital restoration of our country. We will start this immediately after the victory,” Shmyhal stressed.

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