Seeking to circumvent Russian aggression and keep supplying customers, Metinvest is weighing plans to construct a new Italian plant that could receive raw materials from its Ukrainian mines and steel mills, stated the CEO of the Metinvest Group Yuriy Ryzhenkov. According to him, the European market has always been the number one market for Metinvest and now … Continue reading Metinvest confirms plans to build plant in Italy
Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
Reconstruction of Ukraine will require enormous human and financial resources. As of March 2023, reconstruction of Ukraine will cost 411 billion USD, i.e. 2.6-fold exceeding GDP of Ukraine in 2022. Over the past 60 years, no conflict or disaster has provided more recovery funds than the Marshall Plan: ca. 140 billion USD (calculated as of … Continue reading Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
THREE KEY CONCLUSIONS ABOUT THE RECONSTRUCTION OF UKRAINE FROM THE CONFERENCE IN LONDON
The largest event for the reconstruction of Ukraine URC-2023 took place in London. Europeans have already called it another form of counteroffensive, referring to strengthening the economy and strategic planning for further support. Moreover, during the conference, a number of countries announced additional help with weapons: Latvia will supply helicopters, Germany promised to provide missiles for Patriot and … Continue reading THREE KEY CONCLUSIONS ABOUT THE RECONSTRUCTION OF UKRAINE FROM THE CONFERENCE IN LONDON
Dreaming of Odesa Expo
Odesa did well in its bid to host Expo 2030, but in the end it was excluded. Still, we can dream of what might have been. Because even dreams deferred have been known to materialize. Last night I dreamed of a journey to the future and of finding myself in the summer of 2030 in … Continue reading Dreaming of Odesa Expo
Ukrainian Danube Shipping Company to renew fleet with World Bank financing
Ukrainian Danube Shipping and the International Finance Corporation (IFC), which is part of the World Bank Group, signed an agreement on attracting private investment for the modernization and expansion of the fleet at the Ukraine Recovery Conference in London, reported the press service of the Ministry of Community Development, Territories and Infrastructure. The International Financial Corporation will … Continue reading Ukrainian Danube Shipping Company to renew fleet with World Bank financing
30 million USD: investment into new production in Ukraine by Philip Morris
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