Estonia ready to finance joint production projects for EUR 2.7 bln – Zhovkva meets Estonian Deputy MFA

Deputy Head of the Office of the President of Ukraine Ihor Zhovkva held a meeting on Wednesday with Estonian Undersecretary for Economic and Development Affairs Mariin Ratnik, during which the parties discussed opportunities for developing joint production. Estonia is ready to consider financing projects by leveraging EUR 2.7 bln from the SAFE instrument resources.

According to the Office website, the parties also discussed the further development of the PURL program, to which Estonia has already made two contributions totaling EUR 21 mln.

Zhovkva thanked Estonia for its support of Ukraine and noted the country’s chairmanship of the NB8 format this year. During the meeting, special attention was paid to countering the Russia tanker fleet and Estonia’s decisions to ban entry for individuals involved in the Russia war against Ukraine. The Deputy Head of the Office of the President noted that relevant restrictions have already been applied to 261 Russians.