Italian export credit agency SACE will allocate EUR1.5bn to support trade and financial operations, particularly in the health care and infrastructure sectors.
According to the website of the Ministry of Economy of Ukraine, this was discussed during the meeting between the First Vice Prime Minister of Ukraine – Minister of Economy of Ukraine Yulia Sviridenko and Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Ukraine Pier Francesco Dzadzo, where the Ukrainian side urged SACE to strengthen cooperation with Ukraine and expand the types of covered risks.
In addition, the export credit agency intends to support investments of Italian companies in Ukraine and provide export credits, soft loans and direct investments.
First Deputy Prime Minister noted the importance of supporting Ukrainian small and medium-sized enterprises (SMEs), which is the backbone of the national economy. She stressed that the Government also expects to intensify cooperation with the Italian Agency for Cooperation Development (AICS) to promote local economic development, job creation and support SMEs.
In addition, the sides discussed the return of Ukrainians. The provision of housing for Ukrainians remains important.
SACE is an Italian export credit agency and an active participant of the largest international organizations in the field of export credit. SACE’s activities are regulated by European Union legislation and the OECD Agreement on Officially Supported Export Credits.
An agreement was signed between Italy and UNESCO, according to which Italy will contribute EUR 500,000 to carry out priority restoration work in the Transfiguration Cathedral, the Odesa mayor’s office reported on Friday.
It is also reported that an Italian government delegation chaired by the Special Envoy for Restoring and Strengthening the Resilience of Ukraine, Davide La Cecilia, is in Odesa on an official visit.
In October 2023, Italy took patronage over the restoration of Odesa and began active cooperation with UNESCO on this matter. La Cecilia noted that with the beginning of Italy’s presidency of the G7, from January 1, 2024, the issue of the restoration of Ukraine was also included in the priorities of the G7.
UNESCO Coordinator in Ukraine Chiara Dezzi Bardeschi presented the main areas of cooperation, including the urgent stabilization of damaged monuments and the creation of a Master Plan for the management of cultural heritage sites. Also in the future – the development of recommendations and protocols for the protection and development of Odesa in accordance with the principles of sustainable development.
It is planned to sign a trilateral Memorandum of Cooperation on the restoration of Odesa (Italy – Ukraine – UNESCO), as well as separately between Italy and Ukraine, where areas of cooperation will be outlined.
Earlier it was reported that Odesa authorities warned about the danger of further destruction of the Transfiguration Cathedral, which suffered from a Russian missile attack on the city on July 23, 2023, and on the night of November 11 last year was flooded after heavy rain.
The Italian government will help reconstruct the Transfiguration Cathedral, which the Russians destroyed during the shelling of Odesa on July 23, the Italian government said.
“Italian restoration schools, meaning university departments, vocational institutes, studios and laboratories, are today making their traditional expertise available to a project to restore and enhance the walls and frescoes that were hit by the Russian bombs, thereby marking an age-old friendship between two peoples and an effective rebirth for the city,” according to the report on the Italian government’s website.
“The Italian government has involved two of Italy’s most authoritative cultural institutions, the Milan Triennale and the MAXXI museum in Rome, in order to gather the best economic, technical and cultural resources able to contribute to the restoration of the Transfiguration Cathedral,” the report says.
Ukraine’s Foreign Ministry on Wednesday signed a Memorandum of Cooperation with the Italian Trade Agency in the framework of the conference on the restoration of the Ukrainian state, the Foreign Ministry’s press service said.
In particular, the Memorandum is an important step towards creating new opportunities for Ukrainian exporters in the Italian market, revitalizing B2B contacts, and expanding Ukrainian products on the shelves of leading Italian retail chains.
It is noted that within the framework of the initiated cooperation, Ukrainian exporters will be able to get expanded opportunities to establish direct working contacts with Italian partners, business meetings, participation in exhibitions and retail events.
“The Ministry of Foreign Affairs of Ukraine is consistently expanding its partnerships with foreign specialized associations to help Ukrainian exporters enter new foreign markets using the capabilities of the Nazovni digital platform,” the Foreign Ministry’s press service summarized.
The international platform NAZOVNI is a globalization service for Ukrainian business created to promote goods and services abroad with the assistance of Ukrainian diplomatic missions.
Italy will continue to support Ukraine and will present a reconstruction plan for the country on April 26, Italian Foreign Minister Antonio Tajani said.
“In a telephone conversation with Dmitry Kuleba, he confirmed his support for Ukraine,” he wrote on Twitter on Tuesday.
“On April 26, we will present a plan for the reconstruction of Ukraine. We will perform together with our best companies,” he specified.
Tajani said he is in constant contact with IAEA head Rafael Grossi and stressed the importance of protecting the occupied Zaporizhzhia NPP. “It is extremely important to protect the Zaporizhzhya power plant,” he wrote.
As reported, Ukrainian Foreign Minister Kuleba held a conversation with Tajani on Tuesday, during which the sides discussed new possible assistance that Italy could provide to ensure Ukraine’s victory over Russian aggression.
It was also reported earlier that a conference on reconstruction and rehabilitation of Ukraine will be held in Rome at the end of April.