Trillion dollar investment before the war is over? Zelenski "appears" on the floor of the New York Stock Exchange

By    7 Sep,2022

Ukrainian President Zelenskiy (Volodymyr Zelenskiy) on Tuesday remotely "rang" the opening bell of the New York Stock Exchange. In this video appearance, Zelenskiy called on the United States and even the global investors to invest in Ukraine to help rebuild the country's industrial sector destroyed by the Russian-Ukrainian conflict.

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It is reported that Zelensky attended the opening ceremony of the New York Stock Exchange in the form of a video that day. The Ukrainian government, led by Zelensky, has launched a $400 billion (about 2.78 trillion yuan) "Advantage Ukraine" investment initiative for foreign companies and private investors, which includes more than 500 investment projects.


According to the Ukrainian side, the Advantage Ukraine investment initiative will focus on 10 key sectors, including military industry, energy, pharmaceuticals, metallurgy, wood processing and logistics, to help Ukraine rebuild its economy despite the fact that there is no sign of a ceasefire in the country's military conflict with Russia.


The video appearance on the floor of the New York Stock Exchange comes just after Zelensky held a roundtable with executives from JPMorgan Chase, Pfizer and other U.S. companies. Zelensky said the military conflict has been going on for more than six months, and Ukraine is rebuilding its economy.


"Today we open a massive investment promotion program to attract investment, we will tell the world why Ukraine is a place with good investment and financial opportunities, I invite you to go to Ukraine, invest in Ukraine, it will be your victory and a success story for your business, start your work!" Zelensky stated.

Currently, in addition to military aid from NATO members, Ukraine is calling on the international community to provide about $5 billion a month in financial assistance to keep its economy running.


Coming to pull investment before the war is over?


In addition to Zelensky's "stand" on the New York Stock Exchange, Ukrainian Economy Minister Yulia Svyrydenko said in a statement Tuesday that "it is necessary to invest in Ukraine now, not until the end of the war. "


Svyrydenko had predicted last month that Ukraine's economy should stabilize in the coming year: after a possible 30-35% contraction this year, economic growth will reach 15.5% in 2023.


She said Ukraine is eager to bring back foreign direct investment. FDI in Ukraine before the war had reached $6.7 billion. Although the Russian-Ukrainian conflict has changed our short-term plans, it has not forced us to abandon our strategic goals.


However, according to sources, concerns about government corruption had actually dampened foreign investors' interest in Ukraine prior to the Russia-Ukraine conflict.


Ukraine's Ministry of Economy is also currently providing subsidies to existing businesses and relocating more than 700 companies from the conflict front.


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