24/7

Post-war restoration plan of Ukraine

2 ноября 2022 г.: ru 3 en 117 января 2023 г.: ru 1 en 120 января 2023 г.: ru 1 en 1 всего: 37 05.07.22

Post-war restoration plan: Switzerland will help to restore Odesa Region, while Belgium will be liable for Mykolaiv Region and the Netherlands will renew Kherson Region.

In the framework of Ukrainian post-war restoration plan, Czech Republic will take part in rebirth of Lugansk Region, while Finland and Sweden will rebuild Odesa Region and Belgium will deal with Mykolaiv Region.

Sergii Gaidai, Head of Lugansk Region Administration, got aware of such news at the Investment Conference held in Lugano, Switzerland.

Denys Shmygal, Prime Minister of Ukraine, presented restoration plan which includes 24 volumes of special works developed by the National Council for Restoration of Ukraine.

Leading countries were proposed to participate directly in rebirth of certain regions of Ukraine. In particular, Czech Republic, Finland and Sweden will get involved in renewal of Lugansk Region; Switzerland will restore Odesa Region, the Republic of Ireland will deal with Rivne Region, Federal Republic of Germany will be liable for Chernihiv Region, Canada will provide assistance concerning Sumy Region, the United States and Turkey will cooperate upon rebuilding Kharkiv Region, Belgium will be liable for Mykolaiv Region, both Sweden and the Netherlands will get engaged in rebirth of Kherson Region, Norway will participate in Kirovograd Region development program, Austria will help to renew Zaporizhia Region, while Poland and Italy will bear joint responsibility for Donetsk Region restoration program.

Previous assessment states that nearly 750 billion USD are required for plan performance. Basic sources of restoration (in the range from 300 to 500 billion USD) should be seized assets of the russian federation and the russian oligarchs. The project also presumes providing grants and loans by international organizations and partner countries, jointly with investments by private sector and out-of-budget contributions by individuals and corporations.

We remind that such plan includes 850 projects and is scheduled for 10 years.

#RestorationOfUkraine

  • Cargo owners: salt into the wound2024.08.26

    What do you think is the biggest headache for shippers in shipping? Maybe it is an unpaid invoice for goods by counterparties? Or market...

    show more
  • Update to Maritime Law in Turkiye2024.08.09

    The Law Amending the Certain Laws and the Decree Law No. 655 entered into force on 9 July 2024. Various amendments have been made in t...

    show more
  • The Head of Interlegal's Cyprus office participated in the presentation2024.07.23

    The Head of Interlegal's Cyprus office, Alyona Remenyak , recently participated in the presentation "Investment Opportunities in Ukra...

    show more
  • Interlegal tax practice services2024.07.22

    Service review: Tax practice We present to you an overview of Interlegal's tax services – a comprehensive set of solutions desig...

    show more
  • How to Properly Tax and Declare Dividends from a Foreign Company2024.07.11

    A Client approached Interlegal—a co-owner of a Cypriot company that is not a CFC—regarding the taxation and declaration of dividends rec...

    show more
  • Restructuring a Trading Business with Interlegal2024.06.25

    A Client approached Interlegal with a request to restructure their business. The Client is engaged in international trade of grain and o...

    show more
  • Limassol Boat Show 20242024.06.20

    Senior associate, Head of Yachting dept at Interlegal Valeriia Fetysenko recently attended the Limassol Boat Show 2024 - an annual eve...

    show more
  • Tax Residency and CFCs: What Keeps Our Clients on Edge2024.06.04

    A longstanding Client approached Interlegal regarding the preparation and submission of CFC (Controlled Foreign Company) reports for the...

    show more
  • Tax Risks in Ukraine for Non-Resident2024.05.24

    Interlegal specialists prepared a legal opinion analyzing the tax risks and corporate structure of the Client’s business. This included...

    show more
  • The Buyer failed to fulfill its financial obligations within deadline prescribed by the contract2024.05.23

    A client, seller who entered into contracts with two companies of the same group, applied to Interlegal. The contracts provided supply o...

    show more