France Signs €200 Million Grant Aid Agreement with Ukraine

Ambassador Extraordinary and Plenipotentiary of the Republic of France to Ukraine Gael Veyer and First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko have signed an Implementation Agreement to the €200 million Grant Agreement between the governments of the two countries, the Ministry of Economy of Ukraine has announced.

‘Today we have signed the Implementation Agreement to the Grant Agreement between Ukraine and France, which opens up the possibility of attracting EUR 200 million in grant aid. Up to 50% of these funds will be used to purchase Ukrainian goods and services for recovery projects,’ Svyrydenko said.

These projects will be implemented in cooperation with French companies that currently employ 25,000 Ukrainians. Funding will be provided for healthcare, energy, water supply and sanitation, demining, digital technologies, infrastructure, agriculture, waste management, and housing.

Work is also underway to expand the AFD Group's mandate in Ukraine: the French development agency, Proparco and Expertise France will be able to provide various forms of financial and technical assistance to Ukrainian public and private enterprises, banks and organisations.

Earlier this year, in June, Ukraine and France signed an agreement to restore and support critical infrastructure and priority sectors of the economy for €200 million, of which €60 million was earmarked for the energy sector.