As reported by RBC-Ukraine (see link to press release), Philip Morris International invests over 30 million US dollars in launching a new production in Lviv region. Preparatory work on the future factory will start just in July 2023.The company notes that the production will facilitate complete satisfaction of domestic demand.The company expects starting production process … Continue reading 30 million USD: investment into new production in Ukraine by Philip Morris
Mechanisms and Sources of Funding for Ukraine’s Recovery
On 26 June, the conference “Mechanisms and Sources of Funding for Ukraine’s Recovery” will be held in Luxembourg. Representatives of business, the European Commission, private investors, IPAs, and experts from the European legal and financial sector will discuss investment mechanisms and financing opportunities for Ukrainian projects, start-ups, and businesses. Experts from the European legal and financial … Continue reading Mechanisms and Sources of Funding for Ukraine’s Recovery
International Register of Damage Caused by the Agression of the Russian Federation Against Ukraine: An agreement has been signed
In brief On 17 May 2023, at the Council of Europe Summit, the European Union and 43 other countries signed the agreement on the Register of Damage Caused by the Aggression of the Russian Federation Against Ukraine (“Register”). The Register constitutes the first component of a future international compensation mechanism, which is intended to compensate … Continue reading International Register of Damage Caused by the Agression of the Russian Federation Against Ukraine: An agreement has been signed
Council of Europe Summit creates register of damage for Ukraine as first step towards an international compensation mechanism for victims of Russian aggression
On the second day of the Council of Europe Summit in Reykjavik, Iceland, Marija Pejčinović Burić, Secretary General of the Council of Europe, Katrín Jakobsdóttir, Prime Minister of Iceland, Mark Rutte, Prime Minister of the Netherlands, Thórdís Kolbrún Reykfjörd Gylfadóttir, Minister for Foreign Affairs of Iceland and President of the Council of Europe’s Committee of Ministers, Denys Shmyhal, … Continue reading Council of Europe Summit creates register of damage for Ukraine as first step towards an international compensation mechanism for victims of Russian aggression
Interlegal as the Client’s legal advisor upon EBRD financing
Transaction cost: 2 million EUR Practices: Investments & Transactions, Corporate & Tax ___________________________________________________________________ Interlegal acted as the Ukrainian company’s legal advisor, while the latter received a long-term loan amounting to 2 million EUR from the European Bank for Reconstruction and Development. This loan will be aimed at restoring a recreation of Odesa mall "Riviera shopping … Continue reading Interlegal as the Client’s legal advisor upon EBRD financing
Denmark opened an investment fund for Ukraine amounting to 133 million USD
Denmark launched a special investment fund for Ukraine amounting to 1 billion DKK, i.e. ca. 133 million USD, as reported by the Ministry of Economy of Ukraine under the results of the Investment Forum in Copenhagen. Yuliia Svyrydenko, the Minister of Economy of Ukraine, explains that such investment fund will finance projects with Danish technologies … Continue reading Denmark opened an investment fund for Ukraine amounting to 133 million USD
Chornomorsk Sea Port modernization by EBRD has been renewed
The European Bank for Reconstruction and Development resumed work aimed at Chornomorsk Sea Port modernization plan. The bank is resuming work upon providing assistance to the Ukrainian government aimed at Chornomorsk Sea Port modernization which was suspended after full-scale invasion of the russian federation into Ukraine. In addition, the EBRD and the International Finance Corporation … Continue reading Chornomorsk Sea Port modernization by EBRD has been renewed
There are legal grounds to use Russian assets to restore Ukraine
The European Commission has confirmed that it has developed legally acceptable options for using Russia's assets, both private and state-owned, to restore Ukraine. Source: Christian Wiegand, the spokesman for the European Commission, reported by European Pravda Details: According to Wiegand, the assets of Russian individuals and legal entities under EU sanctions worth about €24.1 billion have been frozen … Continue reading There are legal grounds to use Russian assets to restore Ukraine
The Development Fund of Ukraine will be supported by BlackRock – the largest investment company
President of Ukraine Volodymyr Zelenskyi held a meeting with managers of the largest asset management company BlackRock. Press service of the President’s Office informs that the parties discussed details of creating an investment fund aimed at recovery of the Ukrainian economy with public and private capital involved. According to the meeting results, the Ministry of … Continue reading The Development Fund of Ukraine will be supported by BlackRock – the largest investment company
One and a half billion euros for Odesa Region restoration: granted by the European Bank
The European Bank will grant one and a half billion euros for Odesa Region restoration, but this is not related to the damage caused by hostilities, as reported by Tetyana Khomenko, the UN Program representative. She notes, 11 reconstruction projects have been approved in Odesa under the program of restoration of Ukraine, while two more … Continue reading One and a half billion euros for Odesa Region restoration: granted by the European Bank