Switzerland to Deepen Involvement in Ukraine’s Reconstruction
Switzerland is preparing to significantly expand its role in Ukraine’s recovery efforts by establishing a new bilateral cooperation agreement with Kyiv.
The Gaze reports on this with reference to a press release issued by the Swiss government.
According to the official statement, the agreement will enable Switzerland to provide non-repayable financial assistance for the procurement of goods and services from Swiss firms engaged in reconstruction efforts.
“At present, work with the private sector is limited to Swiss companies already established in Ukraine. A new legal basis will be required in order for Swiss companies that are not yet present in Ukraine to take part in this endeavour,” the Swiss government noted.
It also emphasized that the agreement was developed in response to the growing need for legal mechanisms to support companies not yet operating in Ukraine.
The priority sectors include energy, transport and mobility, mechanical engineering, construction, water management, and disaster risk reduction – areas where Switzerland already has a track record of successful international cooperation and technological competitiveness.
Crucially, the Ukrainian government will play a central role in setting priorities. Kyiv will identify the most urgent reconstruction needs and provide a list of goods and services required from Swiss partners.
The agreement is expected to be signed by Ukraine’s First Deputy Prime Minister and Minister of Economy, Yuliia Svyrydenko, and Swiss Federal Delegate for Ukraine, Jacques Gerber, during the Fourth Ukraine Recovery Conference in Rome this July.
This initiative builds on Switzerland’s earlier decision in 2024 to enhance its private sector’s role in Ukraine’s recovery, complementing existing humanitarian and development programs.
In February 2025, the Swiss Federal Council adopted a new cooperation program for Ukraine for 2025–2028, marking the beginning of Swiss commitment to support reconstruction, reform, and sustainable development.
The program allocates CHF 1.5 billion (approximately $1.86 billion), one-third of which will be directed to strengthening Swiss private sector involvement in Ukraine’s recovery.
As The Gaze reported earlier, the Swiss Federal Council has also approved additional restrictive measures against Russia as part of the 15th EU sanctions package adopted last December.