Ukraine is actively encouraging European investments in critical raw material resources, as stated by Prime Minister Denys Shmyhal during a business forum in Brussels on April 10.
This is reported by Finway
Ukraine’s Potential in Energy and Resources
Shmyhal emphasized that the country has significant potential in the areas of renewable energy, hydrogen, and biomethane. He noted:
“We have enormous potential in renewable energy, hydrogen, and biomethane. Our energy grid is fully synchronized with the European one. The underground gas storage facilities, the largest in Europe, can increase the continent’s overall capacity by 25%. We also have the second-largest gas reserves in Europe…”
This makes Ukraine a strategically important location for investors looking to develop innovative projects.
Ukraine’s Recovery as an Economic Opportunity
The Prime Minister also stressed that Ukraine’s recovery could become the largest economic project in Europe in recent generations.
“According to the World Bank, Ukraine needs over $524 billion for recovery over the next decade…”
He stated that these investments open new opportunities for European businesses.
Shmyhal highlighted that Ukraine is ready to become a reliable supplier of resources and innovations that can benefit not only the European Union but also businesses seeking new profitable investment avenues.
Deputy Prime Minister Olha Stefanishyna also reported on planned technical consultations between Ukraine and the USA regarding a minerals agreement, which will take place on April 11 in Washington. She emphasized the importance of Ukraine fulfilling its commitments within the framework of cooperation with the EU.