Ministry of Economy of Ukraine
Ukraine and France plan to deepen economic cooperation: Yuliia Svyrydenko at meeting with French Ambassador
06.11.2023 | 17:49 | Section for Public and Mass Media Relations
Expansion of the cooperation program in the field of humanitarian demining and war risk insurance, involvement of the French business community in the reconstruction and rehabilitation of Ukraine, cooperation with Ukrainian companies and support for small and medium-sized businesses. These were among the issues discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime Minister - Minister of Economy of Ukraine, and Gaël Veyssière, Ambassador Extraordinary and Plenipotentiary of France to Ukraine.
“The process of Ukraine’s reconstruction and recovery will accelerate as we attract private sector investment, and for this we need to expand our political and military risk insurance programs. We appreciate France’s introduction of a bilateral mechanism for insuring investments in Ukraine,” Yuliia Svyrydenko said.
The parties also discussed Ukraine’s need for macro-financial assistance, the possibility of France’s involvement in financing programs to support small and medium-sized enterprises, and preparations for the launch of the EU’s four-year Ukraine Facility program, which will provide up to EUR 50 billion over the period 2024-2027.
Ukraine and France will continue to work on developing a strategy for the use of frozen russian assets to support the country’s reconstruction.
For his part, the French Ambassador raised the issue of liberalizing Ukraine’s currency legislation to allow investors to withdraw dividends abroad.
The parties also discussed the issue of accelerating humanitarian demining in Ukraine. France has already allocated a total of EUR 15 million for this purpose through various programs.
“We are grateful to the French Government for its support in each of these important areas. France has been and remains a reliable partner and friend of Ukraine, and we can count on their help at this difficult time. It is particularly valuable for me that France has taken on the patronage of my home region of Chernihiv. I believe that our relations with France will only grow closer in the future,” Yuliia Svyrydenko concluded.
Background:
The total volume of French military assistance to Ukraine has reached EUR 550 million and France is now among the top 5 donors of military assistance.
French President Emmanuel Macron announced the creation of a EUR 100 million fund to arm Ukraine. The fund will allow Ukraine to buy the necessary equipment directly from manufacturers.
France is providing economic assistance to Ukraine in cooperation with its European partners. It has mobilized a EUR 300 million package for Ukraine.
Since the beginning of the war, France has also provided EUR 100 million in humanitarian aid and 95 tons of seeds to meet the needs of small farmers in Ukraine.
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29.04.2024 | 15:10
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