An additional 50 million Swiss Francs aims to restore Ukraine in collaboration with Swiss companies.
Switzerland announced a significant increase in financing for the Ukrainian Restoration Support Program. The Secretary of the State of Switzerland on Economic Affairs (SECO) has increased the amount of financing for a competition of applications for Swiss companies operating in Ukraine from 50 to 100 million Swiss Francs. This was reported by the Ministry of Economy’s Press Service on Wednesday, March 19.
This decision was part of the initiative, which was implemented for the period of 2025-2028 with a total budget of 1.5 billion Francs. An important aspect of this program is the long -term support for 12 years, which involves the total financing amount at the level of 5 billion Francs.
Economic minister Yulia Sviridenko expressed gratitude to Swiss partners for doubling financing. He emphasized that additional funds will be used for recovery projects in the field of civilian protection, restoring infrastructure, as well as modernization of public services.
Thanks to the expansion of the program, the deadline for submitting applications for Swiss companies has expanded until March 31, 2025. Companies that submit applications may make changes to their proposals without having to re -do the documents.
The Swiss-Ukrainian cooperation has a long history that greatly intensified after the start of a full-fledged Russian invasion of Ukraine. The Swiss government announced its readiness for long -term support of Ukraine early in April 2024, announcing the allocation of 5 billion francs over the next 12 years. In January 2025, at the World Economic Forum in Davos, a memorandum between Ukraine and Switzerland was signed with the allocation of the first 50 million Francs for Swiss companies for the implementation of projects in Ukraine.
We remember you that earlier Japan announced the creation of a Council coordination with Ukraine restoration. And Italy has invested 200 million euros in the restoration of the Ukrainian Energy System destroyed by Russia.
Switzerland will allocate $ 1.6 million for the restoration of Ukraine
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Source: korrespondent
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