Co-chairs' statement by the governments of Ukraine and the United Kingdom, co-hosts, Ukraine Recovery Conference 2023, London
Published 22 June 2023
漏 Crown copyright 2023
This publication is licensed under the terms of the Open 바카라 사이트 Licence v3.0 except where otherwise stated. To view this licence, visit or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at /government/publications/ukraine-recovery-conference-2023-ukraine-and-uk-co-chairs-statement/co-chairs-statement-by-the-governments-of-ukraine-and-the-united-kingdom-co-hosts-ukraine-recovery-conference-2023-london
We have come together today 바카라 사이트� governments, financial institutions, international organisations, businesses, and civil society 바카라 사이트� with a shared belief in Ukraine바카라 사이트檚 future.
Russia바카라 사이트檚 unjustified and unprovoked invasion has caused untold misery. Thousands of Ukrainians have been killed. Millions have been displaced, including children. Schools, hospitals and critical infrastructure have suffered damage in Russia바카라 사이트檚 indiscriminate air strikes. The world바카라 사이트檚 poorest have been hit hardest by higher food and energy costs. The invasion is a gross violation of the UN Charter, international law, and our shared values.
Ukraine must and will succeed 바카라 사이트� as a free, independent, sovereign and democratic state within its internationally recognised borders. This is essential, for the people of Ukraine and the Euro-Atlantic region, and global peace and prosperity. We remain committed to a just and lasting peace based on respect for the UN Charter and Ukraine바카라 사이트檚 sovereignty and territorial integrity, and commend the principles of the Ukrainian Peace Formula outlined by President Zelenskyy.
Ministers, businesses, and other representatives from 59 countries have come to London today to support Ukraine바카라 사이트檚 recovery and long-term economic future 바카라 사이트� one that is modern, open, green, and resilient. By helping Ukraine바카라 사이트檚 recovery and reform, we will unlock the potential of the country and its people, help defeat Russia바카라 사이트檚 aggression, and benefit global security, prosperity and the rule of law.
This year바카라 사이트檚 conference has built on the commitments agreed last year at Lugano, and the work of the Multi-Agency Donor Coordination Platform for Ukraine.
Private sector led recovery
Ukraine바카라 사이트檚 partners have agreed to provide a further $60 billion to meet the recovery and reconstruction needs of Ukraine. The EU announced a new multi-year facility of up to 鈧�50 billion for recovery, reconstruction and modernisation. The US announced $1.3 billion in additional aid to Ukraine, including $675 million to modernise Ukraine바카라 사이트檚 critical infrastructure. The UK announced a further $3 billion guarantees to support additional World Bank lending up to 2027, and 拢240 million of support for immediate needs. Switzerland announced a further CHF1.5 billion of support to 2027. The Multi-Agency Donor Coordination Platform for Ukraine will continue to support the alignment of donor commitments to early recovery priorities and reform.
Nearly 500 global businesses from 42 countries worth more than $5.2 trillion and 21 sectors have already signed the Ukraine Business Compact, pledging to support Ukraine바카라 사이트檚 recovery and reconstruction.
Businesses from across the world have agreed to work with Ukraine to help realise its huge potential, in priority sectors including energy, tech, infrastructure, and finance, and to apply their expertise in the development of Ukraine바카라 사이트檚 private sector.
The UK and Ukraine have launched a new digital business matching platform. International partners will work between now and the URC24 in Germany to launch new business to business initiatives to build and grow private sector partnerships with Ukraine.
Enablers for private investment
The 바카라 사이트 of Ukraine and its partners are responding to business demand to extend commercial insurance coverage in Ukraine. The Conference launched the London Conference War Risk Insurance Framework. Partners announced support for the World Bank Multilateral Investment Guarantee Agency바카라 사이트檚 (MIGA) Support for Ukraine Reconstruction and Economy Trust Fund, with the UK announcing a contribution of up to 拢20 million, on top of Japan바카라 사이트檚 existing $23 million contribution. MIGA announced the signing of an extended MOU with ProCredit, bringing the total guarantee to 鈧�40.85 million.
The European Bank for Reconstruction & Development (EBRD) announced its intention to develop a pilot war risk insurance scheme. The 바카라 사이트 of Ukraine committed to increase information sharing with the insurance industry.
Ukraine바카라 사이트檚 partners agreed to continue supporting the country바카라 사이트檚 budgetary needs, contributing to the International Monetary Fund바카라 사이트檚 $15.6 billion 4-year programme, to deliver medium-term macro-stability, strengthen Ukrainian institutions, and promote growth.
Following the European Bank for Reconstruction & Development (EBRD) Annual Meetings in Samarkand, the EBRD reiterated its intention to raise 鈧�3 to 5 billion of new capital from shareholders, as directed by its Governors. If agreed, the increase in capital could be leveraged by at least a factor of 4 to bolster the Bank바카라 사이트檚 capacity to support lending in Ukraine in wartime and in reconstruction.
G7 and European Development Finance Institutions launched a new Ukraine Investment Platform, in partnership with the EBRD, that will promote co-investments to maximise the impact of their support. The International Finance Corporation, the US International Development Finance Corporation (USDFC), and British Investment International, signed a landmark deal to support the IFC바카라 사이트檚 Global Trade Finance Program to help keep cross border trade lines open. USDFC also announced a further $20 million loan guarantee to Bank Lviv to support SMEs.
Ukraine바카라 사이트檚 partners reaffirmed that Russia must pay for the long-term reconstruction of Ukraine, and welcomed the establishment of the Council of Europe바카라 사이트檚 바카라 사이트楻egistry of Damages Caused by the Aggression of the Russian Federation Against Ukraine바카라 사이트� and the European Council바카라 사이트檚 Ad Hoc Working Party on the use of frozen and immobilised assets to support Ukraine바카라 사이트檚 reconstruction. G7 and European partners continue to explore all lawful routes to ensure that sanctioned Russian assets are made available in support of Ukraine바카라 사이트檚 reconstruction, in line with international law.
Building back better
The 바카라 사이트 of Ukraine is determined to build back a more modern, innovative, green economy, closer to the EU Single Market.
G7+ governments committed to develop a new Clean Energy Partnership with Ukraine to accelerate the transition to a green energy system, that is secure, sustainable resilient and integrated with Europe. The US announced $520 million to help overhaul Ukraine바카라 사이트檚 energy grid. Ukraine바카라 사이트檚 partners announced new investments in the International Finance Cooperation바카라 사이트檚 Economic Resilience Action Programme. The Conference launched the InnovateUkraine Green Energy Challenge Fund, to accelerate low-carbon, affordable energy innovation. The Conference launched the Ukraine Energy Initiative to accelerate the recovery of Ukraine바카라 사이트檚 energy sector.
Ukraine바카라 사이트檚 partners announced new tech partnerships to help realise the amazing potential of Ukraine바카라 사이트檚 burgeoning tech ecosystem, including a TechBridge between the UK and Ukraine to facilitate investment and support talent. Ukraine showcased its leadership in e-governance, driving digital transformation and delivering effective public services for the future.
President von der Leyen noted that 바카라 사이트淯kraine has accelerated its reform agenda with impressive speed and resolve바카라 사이트�. The Conference welcomed the Commission바카라 사이트檚 oral update on Ukraine바카라 사이트檚 implementation of the 7 recommendations of its EU candidate status. The Conference welcomed the development of the OECD Ukraine바카라 사이트檚 country programme. The 바카라 사이트 of Ukraine reaffirmed its commitment to strengthen the capacity and operational independence of key anti-corruption institutions, including the National Anti-Corruption Bureau and the Specialised Anti-Corruption Prosecutor바카라 사이트檚 Office. The 바카라 사이트 of Ukraine has implemented legislation in the field of justice, media, protection of national communities, as well as countering vested interests and money laundering. The 바카라 사이트 of Ukraine reiterated its commitment to reform and its aspiration to start EU accession negotiations this year.
The 바카라 사이트 of Ukraine reaffirmed its commitment to deliver IMF Programme conditions, including adopting reforms to enable fair and open competition, reduce barriers to entry to markets, and ensure fair judicial and regulatory procedures. The 바카라 사이트 of Ukraine will complete the roll-out of the Digital Restoration Ecosystem for Accountable Management and further develop the national e-procurement system to deliver a transparent recovery.
The Conference recognised the centrality of Ukraine바카라 사이트檚 human capital to the country바카라 사이트檚 recovery process. Participants committed to supporting Ukraine in rebuilding and developing its workforce, education system and social services.
Further coordination
The 바카라 사이트 of Ukraine is committed to work in partnership with Ukrainian and international businesses, local government, civil society and the international community to deliver long-term inclusive and sustainable recovery and development. The Multi-Agency Donor Coordination Platform for Ukraine, whose Steering Committee met in London, will continue to support the delivery of prioritised, coordinated recovery and reform efforts.
The Conference welcomed Germany바카라 사이트檚 commitment to host the Ukraine Recovery Conference in 2024, building on the outcomes of Lugano and London.