UWC President takes part in Ukraine Recovery Conference in London

Ukrainian World Congress (UWC) President, Paul Grod, joined the Ukraine Recovery Conference (URC23) that brings together thousands of delegates from over 60 countries on 21-22 June in London – high-level international political representatives from all regions of the world, leaders of multilateral organizations and international financial institutions. 

According to the Prime Minister of Ukraine, Denys Shmyhal, Ukraine’s priority during the conference in London will be to raise funds for early recovery projects, with rapid recovery, energy, and critical social infrastructure in the first place.

During a series of panel discussions, the UWC President will present the Energize Ukraine project to restore Ukraine’s energy sector and rebuild the energy infrastructure destroyed by Russian attacks.  

The United Kingdom announced it would provide Ukraine with an additional 240 million pounds to support humanitarian, recovery, and reform programs. 

The UK will give a further £240 million in support to Ukraine, for humanitarian, recovery and reform programmes.

This brings the UK’s total bilateral funding to the region since the start of Russia’s full-scale invasion to £640 million.

We #StandWithUkraine 🇬🇧🇺🇦#URC2023 pic.twitter.com/IoGnJ1h9dx

— Foreign, Commonwealth & Development Office (@FCDOGovUK) June 21, 2023

In his opening remarks at the conference, British Prime Minister Rishi Sunak said that the UK would provide Ukraine with a multi-year, $3 billion financial support package to help stabilize its economy.

The UK will provide a multi-year $3 billion package of financial support for Ukraine to help stabilise its economy as it continues to push back Russian forces.

We are helping Ukraine recover and win.#StandWithUkraine 🇬🇧🇺🇦#URC2023 pic.twitter.com/6dfb6EmV04

— Foreign, Commonwealth & Development Office (@FCDOGovUK) June 21, 2023

The IMF is also investing $15 billion in Ukraine over the next four years as part of a $115 billion commitment by the G7 and its partners.

“First of all, we have to build a platform for business. Only they can truly attract the innovation and investment that Ukraine needs. That is why we are launching the Ukraine Business Compact, so that the private sector can pledge its support for the recovery and reconstruction of Ukraine. And I am pleased to announce today that more than 400 companies from 38 countries with a total market capitalisation of US$4.9 trillion have already signed this document,” Sunak said. 

You can follow the URC23 online broadcast here.