PRESS RELEASE : Andriy Yermak discusses opportunities for cooperation with Ukraine with representative of JPMorgan Chase & Co. [November 2022]

The press release issued by the President of Ukraine on 2 November 2022.

Head of the Office of the President of Ukraine Andriy Yermak held a video conference with Managing Director, Head of Global Engagement at the largest U.S. bank holding by assets – JPMorgan Chase & Co. Clay Berry.

The parties discussed issues of cooperation and support for Ukraine.

“We really want Ukraine to be interesting to you not only in the context of this war, but also during reconstruction. After all, Ukrainians are not only a courageous people who will definitely win this war, but also people with great potential,” Yermak said.

He thanked representatives of JPMorgan Chase & Co. for the real help they provide to Ukraine.

Yermak said: Ukraine is open to cooperation, and a strong group of experts, which will help in the recovery of the country, is already being created today.

“Ukraine needs a unique formula for reconstruction, a unique formula for life after this war, therefore, of course, we are interested in having the best experts in the world today join this,” the head of the Office of the President said.

Clay Berry, for her part, said that JPMorgan Chase’s support for Ukraine is based on understanding the current situation, as the company has been cooperating with the Ukrainian government in various directions for the past 10 years. She expressed hope for scaling up cooperation, because she sees many opportunities for the Ukrainian state in the future, in particular during reconstruction.

Deputy head of the Office of the President Rostyslav Shurma, who also took part in the video call, informed the video call participants in which directions Ukraine seeks to attract investors. He named green energy, infrastructure, agribusiness, conventional production and the IT sector as promising areas of the economy. In his opinion, these areas can be of interest to private capital, investment banks and strategic corporations.

Shurma said that currently dialogue is being held with representatives of global investment companies regarding potential cooperation and proposed that JP Morgan joins this partnership.