Over 200 applications under review by US-Ukraine investment fund – Svyrydenko
More than 200 applications are under review by the United States-Ukraine Recovery Investment Fund, Prime Minister Yulia Svyrydenko said as she began a working visit to Washington with a government team.
"I took part in the opening of the U.S.-Ukraine Partnership Forum, which is being held on the sidelines of the IMF and World Bank Spring Meetings. (...) The U.S.-Ukraine Recovery Investment Fund should become an effective tool for attracting private capital. The fund is already operating - the first investment has been approved, and more than 200 other applications are under consideration," she said on Telegram on Wednesday.
She also met with executives of leading U.S. companies.
"We discussed the state of Ukraine's economy under constant attacks, as well as opportunities for investment and partnership," Svyrydenko added.
"I informed them about the resilience plans. We are working on a strategic restructuring of the energy system, preparing for winter and for challenges from the enemy. The priorities are protecting energy facilities, distributed generation, backup power for heating and water supply, and decentralization of heat supply," the prime minister said.
According to her, the government has already financed priority work to protect and connect cogeneration units in communities, totaling more than UAH 22 billion.
"We must ensure at least 4 GW of additional distributed generation capacity across the country. For the further implementation of the resilience plans, support from international partners is crucial – both financial support and equipment," she said.
"We are also inviting partners to work on joint energy projects. Ukraine is a reliable partner for securing new logistics routes for energy supplies and offers mutually beneficial use of the capacity of Ukraine's underground gas storage facilities," Svyrydenko said.
"I am grateful to U.S. business for its readiness to strengthen economic and investment cooperation," she said.
On March 25, Svyrydenko reported that the governing board of the U.S.-Ukraine Recovery Investment Fund (URIF) had approved its first investment in Ukrainian dual-use technology company Sine Engineering.