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
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
First five investments projects worth $430 mln were submitted for consideration to DFC
The Advantage Ukraine investment platform team in partnership with the Ukrainian Economy Ministry, has prepared the first investment projects totaling $430 million and forwarded them to the United. "The first five projects have been accepted for consideration by the DFC. In particular, these are projects of Ukrainian investors in the construction, manufacturing, e-commerce, and residential … Continue reading First five investments projects worth $430 mln were submitted for consideration to DFC
EIB approves ‘EU for Ukraine’ Initiative to finance Ukraine recovery and reconstruction
On 29 March, the European Investment Bank (EIB) approved the ‘EU for Ukraine’ Initiative, a new scheme to finance reconstruction and recovery in Ukraine. The initiative is conceived as a temporary scheme which will enable European Union member states, the European Commission and other countries and donors to support reconstruction and recovery in Ukraine. The … Continue reading EIB approves ‘EU for Ukraine’ Initiative to finance Ukraine recovery and reconstruction
Supporting reconstruction together
Ukraine has already begun to rebuild its country. In order to better reflect the diverse support from Germany and to open up opportunities for interlinking, the Federal Government has launched the "Platform for Reconstruction Ukraine". It is aimed at civil society, science, business and municipalities in Germany. The platform provides you with information about reconstruction … Continue reading Supporting reconstruction together
У ЄС хочуть інвестувати у заморожені активи РФ та прибуток передати Україні, – Politico
Єврокомісія розглядає можливість отримання доходу у розмірі 2,6% від інвестицій у заморожені активи Центрального банку Російської Федерації. "ЄС вивчає юридичні варіанти використання російських валютних резервів, заморожених у блоці, включаючи їхнє інвестування для отримання прибутку, який може бути використаний для фінансування відновлення України. Така безпрецедентна спроба порушує юридичні, політичні та економічні питання, і країни ЄС минулого … Continue reading У ЄС хочуть інвестувати у заморожені активи РФ та прибуток передати Україні, – Politico