Ukrainian PM spells out what Ukraine can cover with US$800bn under an economic "peace deal"

Ukrainian Prime Minister Yuliia Svyrydenko has said the country's financial needs over the next 10 years, excluding security spending, amount to US$800 billion.

Source: Svyrydenko at a meeting with security advisers from Western states, as reported by European Pravda

Details: Svyrydenko said that Ukraine needs "huge" capital investments, which should come in part from the peace agreements being prepared by Ukraine and Western states. The funding is envisaged in an Economic Prosperity Agreement, a draft of which has been drawn up but not yet made public.

Quote: "The financial investment needs required to ensure economic prosperity are huge. From today's perspective, it is US$800 billion over the next 10 years."

More details: The prime minister stressed that the figure is not final as it excludes a major spending category.

Quote: "This includes [spending to maintain] macro-financial stability, compensation for losses, reconstruction needs and financing for the necessary economic boost. But it does not include defence funding, which we expect to decrease over time provided there are effective security guarantees."

More details: Svyrydenko also underlined the need to cover the budget deficit created by the war.

Quote: "[After security needs], the next goal is economic stability. Without economic stability, there is no point talking about attracting investment."

Background:

• US representative Steve Witkoff also took part in the economic panel via video link.
• Serhii Kyslytsia, Deputy Foreign Minister of Ukraine, earlier set out what the advisers discussed in Kyiv during the first part of the meeting.
• Ukrainian President Volodymyr Zelenskyy has said that some of the documents aimed at settling the war, developed during the negotiation process, will be ready to sign in January.
• A document setting out the sequence for implementing the points of a peace agreement has recently been added to the list of texts being agreed.

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