PRESS RELEASE : Andriy Yermak and the Head of Cabinet of the President of the European Commission discussed support for the recovery and financial stability of Ukraine [October 2022]
The press release issued by the President of Ukraine on 12 October 2022.
Head of the Office of the President of Ukraine Andriy Yermak had a video call with Head of Cabinet of the President of the European Commission Bjoern Seibert.
The parties discussed the issue of financial support for the reconstruction of Ukraine and macro-financial aid to our state.
Andriy Yermak thanked for the start of the implementation of the second part of the EU macro-financial aid program in the amount of EUR 5 billion from the total package of EUR 9 billion.
According to him, it is extremely important for Ukraine to receive these funds as soon as possible. It is also necessary to already plan a new large-scale macro-financial aid from the European Union for 2023.
The Head of the Office of the President reminded that following the meeting of President of Ukraine Volodymyr Zelenskyy with President of the European Commission Ursula von der Leyen in Kyiv in September, a draft law on the creation of the Ukraine Recovery and Reconstruction Fund was submitted for consideration by EU partners.
Andriy Yermak emphasized that this Fund will be created to ensure the effective use of budget funds and contributions of international partners for the recovery of our country from the consequences of the war.
“Everything must be completely transparent. Therefore, we proposed that the supervisory board of this Fund should include our international partners, representatives of organizations and financial institutions, which will definitely participate in this,” he said.
The Head of the President’s Office also offered to identify a contact person in the European Commission for communication regarding the reconstruction of our country and a unit that will ensure the work of the “Ukraine Recovery Platform”, the creation of which was initiated by the European Commission. On the Ukrainian side, it is planned to create a special working group.
Andriy Yermak expressed hope that the international conference on the recovery of our country, which will be held in Berlin on October 25, will provide the necessary impetus for the launch of the “Ukraine Recovery Platform”.
In addition, the interlocutors discussed the effectiveness and strengthening of the sanctions policy against the Russian Federation. The Head of the President’s Office informed that the International Working Group on Sanctions Against Russia (Yermak-McFaul Group) is completing the preparation of two documents with recommendations on new sanctions.
