The European Bank for Reconstruction and Development (EBRD) and 19 financial development institutions (DFIs) signed a Memorandum of Understanding at the Conference on Reconstruction of Ukraine in London to promote joint investments in the private sector of the Ukrainian economy.
“The signing of this memorandum … was the next step in the implementation of the agreement between the EBRD and the G7 DFIs to create a common platform for investment in Ukraine, which was announced at the G7 meeting in Tokyo last month,” the bank said in a press release.
It is noted that the main goal of creating the joint platform between the EBRD and DFI is to promote co-financing by strengthening cooperation and dialogue between partners in the context of providing assistance for reconstruction of Ukraine.
It is noted that the priority of investment initiatives will be given to the private sector of Ukraine’s economy.
“Ukraine’s financial needs during the recovery phase will be very significant, and therefore will require the combined efforts of financial institutions. To maximize the efficiency and effectiveness of their activities, Ukraine’s partners must ensure careful coordination among themselves. The private sector will play an extremely important role in the recovery of the Ukrainian economy,” stressed the EBRD.
The Bank points out that it is ready to work together with the DFI to improve the efficiency and quality of assistance to Ukraine and neighboring countries affected by Russia’s military aggression.
It is specified that the memorandum was signed by British International Investment, Cassa Depositi e Prestiti, DEG (Deutsche Investitions- und Entwicklungsgesellschaft), Development Finance Institute Canada (DFIC), Japan Bank for International Cooperation, Japan International Cooperation Agency, Proparco, USA International Development Finance Corporation, Belgium Investment Company for developing countries.
Also in this list are Compañía Española de financiación del desarrollo (Cofides), Finnfund, Investment Fund for Developing Countries, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, Norfund, Oesterreichische Entwicklungsbank, Sociedade para o Financiamento do desenvolvimento, instituicao financeira de credito, Swiss Investment Fund for Developing Markets and Swedfund international.
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.
NNEGC Energoatom President Petr Kotin and British Rolls-Royce SMR director for cooperation with partners Sophie McFarlene-Smith signed a memorandum of understanding on March 20 that envisages the construction of a power plant with small modular reactor (SMR) in Ukraine.
“Under the memorandum, Rolls-Royce SMR is committed to supporting Ukraine’s recovery by deploying a plant-based small modular reactor (SMR) power plant that will be capable of generating enough carbon-free electricity to supply a million homes for more than 60 years,” Energoatom said in Telegram on Tuesday.
Overall, the document provides an opportunity for the companies to work together to find future opportunities to deploy Rolls-Royce SMR small modular reactors (SMRs) in Ukraine as it begins to recover.
“Cooperation between Energoatom and Rolls-Royce SMR has reached a new level. Today we have signed an agreement that will give Ukraine the opportunity not only to start a high-quality post-war reconstruction of power infrastructure, but also to become one of the first countries in the world to attract promising small modular reactor technology to do so,” Kotin was quoted by the company as saying.
For his part, as Rolls-Royce SMR CEO Tom Samson noted, the British government supports Ukraine and its citizens.
“With Britain’s own nuclear technology, we can potentially help the people of Ukraine recover quickly and restore energy security and independence,” he stressed.
As reported, Ukrainian Energy Minister Herman Galushchenko said last week Ukraine plans to build up to 20 SMRs as part of a “green transition” to replace the thermal generation units destroyed during the war
In turn, Petro Kotin, president of NNEGC Energoatom, said that SMRs are very promising for Ukraine and at the moment the nuclear specialists jointly with the Ministry of Energy are developing many programs with different world companies which develop technology of small modular reactors.
In particular, Energoatom is currently cooperating in the SMR direction, in addition to the British Rolies Royce, also with the American Westinghouse offering its AP-300 reactor, NuScale and Holtec International, as well as with a couple more companies with which memorandums have been signed.
Ukrainian Defense Minister Alexey Reznikov and French Defense Minister Sébastien Lecorniou signed a memorandum with Thales Group on the supply of GM 200 radar systems for Ukraine’s air defense.
“Together with my French colleague Sébastien Lecorniou, we signed a memorandum with Thales Group for the supply of MG-200 radars for Ukraine’s air defense. This equipment will help us detect enemy drones and missiles, including ballistic missiles. Our skies will be protected from Russia’s deadly attacks,” he wrote on Twitter on Wednesday.
A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland, according to the Telegram channel of the President of Ukraine.
“A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland. We plan to deepen our cooperation to help restore Ukraine through digitalization,” the report says.
The parties also discussed the possibilities of Swiss assistance in supporting digitalization and restoration of telecommunications systems in the recently occupied territories of Ukraine.
Turkish President Recep Tayyip Erdogan signed a Memorandum on Turkey’s participation in the restoration of Ukraine’s infrastructure. In addition, Turkish campaigns will also provide consulting and technical assistance, said Deputy Head of the Office of the President (OP) Kyrylo Tymoshenko.
“In Lvov, during a meeting between President of Ukraine Volodymyr Zelensky and President of Turkey Recep Tayyip Erdogan, a Memorandum was signed on Turkey’s participation in restoring Ukraine’s infrastructure,” he wrote on his Telegram channel.
According to him, Turkish state and business structures will develop specific restoration projects, as well as provide consulting and technical assistance.
“The restoration of the bridge in the village of Romanovka, Kyiv region, is being considered as the first project,” Tymoshenko stressed.
“We thank our partners for supporting the Fast Recovery plan and our initiatives,” the deputy head of the President’s Office wrote.
