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11:29 05 Jul 2022

Germany is ready to hold сonference on reforms in Ukraine in 2024, Minister of Development says

Germany is ready to hold a conference on Ukraine's restoration, and a forum on reforms in Ukraine in 2024

The Minister of Economic Cooperation and Development of Germany, Svenja Schulze, stated this at the conference on Ukraine's restoration in Lugano on Tuesday, the European Pravda correspondent reports.

"The restoration of a free and democratic Ukraine is our common goal. Restoration and reforms are elements of what we will consider a strategic task for the coming years.

Therefore, Germany will also host an international expert conference on recovery and reconstruction.

Also, Germany is ready to hold a conference on reforms in Ukraine in 2024," Schulze said.

The minister also noted that the German government undertook to provide 426 million euros in grants for direct support of Ukraine.

As reported, the conference dedicated to Ukraine's restoration and elimination of russia's invasion consequences will be held in the UK in 2023.

Britain said it was working with Ukraine and other countries to host the conference next year.

Britain will also sit on an oversight board to help coordinate the recovery efforts of Ukraine and its allies. An office will be opened in London.

"We have led on support for Ukraine during the war and will continue to lead in supporting the Ukrainian Government's Reconstruction and Development Plan," Foreign Secretary Liz Truss said in a statement.

"Ukraine's recovery from russia's war of aggression will be a symbol of the power of democracy over autocracy. It will show [russian president vladimir] putin that his attempts to destroy Ukraine have only produced a stronger, more prosperous, and more united nation," the minister added.

The Foreign Office said Ukrainian President Volodymyr Zelensky had asked Britain to champion the recovery of Kyiv and the surrounding region. Britain pledged to use its financial sector expertise to help draw investment into Ukraine.

Britain has already agreed to provide $1.5 billion in guarantees for multilateral loans and over 100 million pounds ($120 million) in bilateral support.

Read Rubryka's daily timeline of war: current news on Ukraine's defense against russia's aggression.

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