Deal worth almost €5m: Switzerland will help Ukraine recover
Ukraine and Switzerland have signed a new bilateral agreement on cooperation in reconstruction. The document was signed by the Ukrainian Cabinet of Ministers (government) and the Swiss Federal Council.
Source: Ministry of Economy of Ukraine
Details: The economy ministry noted that the Swiss government considers Ukraine's recovery a strategic priority and plans to allocate CHF 5 billion (€4.8 billion) for this purpose by 2036.
According to the agreement, Switzerland will provide non-repayable financial and technical assistance for the purchase of goods and services from Swiss companies for reconstruction projects in the following sectors:
- Energy;
- Transport and mobility;
- Machinery for production processes;
- Construction;
- Water supply;
- Prevention and response to emergencies.
The Ministry of Economy stressed that the agreement provides for a transparent mechanism for selecting projects through public procurement under Swiss law, with the participation of Swiss companies only. Particular attention is paid to:
- The impact on Ukraine's recovery process;
- Contribution to the achievement of Sustainable Development Goals and the "green" transition;
- Job creation in Ukraine;
- Vocational training for Ukrainian specialists.
Background: On 10 July, Ukraine's Prime Minister Denys Shmyhal announced that the reconstruction and modernisation of Ukraine will cost US$1 trillion over a period of 14 years.
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