Ukraine to receive 90% of major global investments only after war’s conclusion — Fiala
Tomas Fiala (Photo:НВ)
Major global investors will provide 90% of their funding only after the end of Russia’s full-scale invasion of Ukraine, Tomas Fiala, CEO of Dragon Capital, said in an interview with Radio NV on May 17.
Fiala mentioned that investment firms like Goldman Sachs and BlackRock are “very sympathetic to Ukraine in the war”, but will wait until its conclusion before committing the majority of their funds.
“Regarding their own money or their company’s money, over 90% of these funds will come to us only after the war ends, given the high risks,” Fiala explained.
“Therefore, we will have to wait for this money. Their main motivation for investing (in Ukraine) will be the opening of negotiations with the European Union for Ukraine’s accession, which we expect in December of this year. We expect the European Union to open these negotiations.”
Fiala further highlighted that the primary incentive for investing in Ukraine would be the opportunity to export products to the EU market, which is the largest in the world, without facing restrictions or tariffs.
“This was the main motivator for investing in Central European countries like Poland and others, which have received many times more foreign direct investments than Ukraine over the past 30 years,” Fiala noted.
Recently, Prime Minister Denys Shmyhal stated that Ukraine should be prepared to join the European Union within two years and expressed hopes for initiating accession negotiations as early as this year.
Note: Dragon Capital owns NV magazine, the NV.ua website, including NV English, and Radio NV.
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