Business news from Ukraine

Yermak discussed with Sullivan further support for Ukraine

Head of the Office of the President Andrey Yermak in a telephone conversation discussed with Jake Sullivan, national security adviser to the US President, further support for Ukraine as it approaches the anniversary of Russia’s full-scale invasion, the Presidential Press Service reported.
“The two sides discussed the strong support the United States will continue to provide to Ukraine as the anniversary of the war approaches, and also noted the importance of our continued communication,” the statement said.
Also, the head of the Office of the President informed the American side about the current situation on the front.
Additionally, Yermak thanked the American people, the US president and both houses of Congress for supporting Ukraine.

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New president of Czech Republic assured Zelensky of his continued support for Ukraine

Newly-elected Czech President Petr Pavel assured his Ukrainian counterpart Vladimir Zelensky of continued support for Ukraine and thanked him for his congratulations on the results of the recent presidential election.
“I thank President Vladimir Zelensky for his congratulations on the results of the presidential election and his invitation to visit Kiev,” Pavel wrote on his Twitter microblog.
He noted that “during our phone conversation today, I assured him that Ukraine can continue to count on the support of the Czech Republic.”
As reported, Zelensky congratulated Petr Pavel on his victory in the Czech presidential election and invited him to visit Ukraine.
Former chairman of the NATO Military Committee Petr Pavel on Saturday won the second round of presidential elections in the Czech Republic. After all ballots were counted, he received more than 58.3 percent of the vote. The inauguration is scheduled for March 9.

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Portugal will support Ukraine’s recovery – Yulia Sviridenko

Portugal will support Ukraine’s recovery and help build international support for the country’s victory, says First Deputy Prime Minister – Minister of Economy of Ukraine Yulia Sviridenko.
She expressed this opinion after her meeting with Portuguese President Marcelo Rebelo de Sousa in the Brazilian capital, Brasilia, where the Ukrainian delegation, led by Sviridenko, attended the inauguration ceremony of Brazilian President Luiz Inacio Lula da Silva.
“I am grateful to Marcelo Rebelo de Souza for his personal involvement and diplomatic efforts in achieving victory and peace. I am convinced that economic and political cooperation with Portugal will only increase. It is not unreasonable to expect assistance in the movement of our state to the European Union and the participation of Portugal in the reconstruction of Ukraine,” Sviridenko said, as quoted by her press service in a statement on Monday.
As the economy minister noted, Portugal will help Ukraine “in the reconstruction of educational facilities. We are also grateful for help in strengthening our cooperation with the Portuguese-speaking community around the world.”
Portuguese President Rebelo de Souza reaffirmed his country’s full solidarity with Ukraine and its willingness to expand cooperation during the meeting.
During the meeting, they discussed cooperation in the economic sphere, the situation in Ukraine, in particular in connection with missile attacks on energy infrastructure, practical issues of reconstruction, etc.

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Vladimir Zelensky thanked Biden for his support of Ukraine

Ukrainian President Volodymyr Zelensky thanked his American counterpart Joseph Biden for the support of the Ukrainian people.
“Joseph Biden, thank you for the support of our people!” he wrote in his telegram channel.
According to the Ukrainian commander-in-chief, “this visit is carried out on the eve of the new year, which can be extremely important for Ukraine.”
“I’m sure that together we can achieve significant results,” Zelensky stressed.
As reported, Biden and First Lady Jill Biden welcomed the president of Ukraine to the White House on the South Lawn. Biden said that the American people, both Democrats and Republicans, were proud to support Ukrainians.

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World Bank creates trust fund to support Ukraine

The World Bank (WB) has set up a multilateral trust fund to support the Ukrainian government, the WB said in a statement.
The fund has attracted $250 million in seed financing.
“The Ukraine Recovery, Rehabilitation and Reform Trust Fund (URTF), which will be managed by the WB, will provide a coordinated mechanism for financing and supporting government activities,” the WB said in a press release.
According to the Swiss government’s commitments to the founding contribution and contributions from the governments of Austria, Iceland, Lithuania, the Netherlands, Norway and Sweden, the initial total amount of the fund is $250 million.
Canada and Japan have also pledged to support the URTF. Other partners are expected to join, the report said.
As the bank notes, due to the uncertainty of the situation in Ukraine, Kiev’s partners have to take a long-term approach to supporting the government’s efforts. Therefore, the fund has the structure of a flexible platform, which will provide the ability to respond quickly to changing circumstances and the needs of the country in the first 10 years of its operation.
The URTF will operate within the overall Multidonor Fund for Ukrainian Institutions and Infrastructure, which is part of the broader international support for the country and is coordinated by the World Bank group.
The WB recalls that to date it has mobilized $18 billion in emergency financing for Ukraine, taking into account donor commitments, of which more than $13 billion has already been disbursed. The largest donor is the United States.

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Zelensky, at a meeting in Kiev with Slovak foreign minister, thanked that country for its support of Ukrainian IDPs

Ukrainian President Vladimir Zelensky at a meeting in Kiev with Slovak Foreign Minister Rostislav Kacher thanked him, the Slovak government and the president for receiving and supporting more than 100,000 Ukrainian displaced persons and helping Ukraine obtain EU candidate state status.
“We are grateful to you for supporting our temporarily displaced people, of whom you now have over 100,000. We are grateful to you also in terms of diplomacy for supporting us without hesitation on our way to the EU – in terms of granting Ukraine the status of an EU candidate state,” Zelensky said.
He also thanked Slovakia for supporting Ukraine since the beginning of the full-scale Russian invasion.
“I thank Slovak President Zuzana Chaputova and extend to her warm greetings, the Prime Minister and the entire Cabinet of Ministers who have been and are by our side,” the president added.

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