Ukraine Invites European Investments in Critical Raw Material Resources
Ukraine is actively urging European countries to invest in critically important raw material resources, as stated by Prime Minister Denys Shmyhal at a business forum held in Brussels on April 10. He emphasized that Ukraine has significant potential in the fields of renewable energy, hydrogen, and biomethane.
This is reported by AgroReview
“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 overall capacity of the continent by 25%. We also have the second-largest gas reserves in Europe. All of this makes Ukraine a uniquely strategic location for future-oriented investors. Critical raw material resources are another sector where we invite European investments,” said the head of the Ukrainian government.
According to Shmyhal, the European Union currently imports many of these resources from outside the continent, but Ukraine has the potential to change this situation. He added that European industry could obtain a reliable source of raw materials right within the continent, laying the groundwork for a new industrial revolution, focusing efforts on products made in Europe.
The Prime Minister also noted that Ukraine’s recovery is the largest economic project in Europe in recent generations, emphasizing the need for over 524 billion USD for recovery over the next decade, according to the World Bank. He stressed that these projects will create unprecedented opportunities for European businesses.
“Today, Ukraine is not just a country at war. It is the central point around which a new geometry of Europe is being built. We are not a buffer zone. We are not a gray zone. We are a new opportunity for Europe to rediscover its identity,” stated Shmyhal.
He also expressed confidence that Ukraine is ready to become a supplier and exporter of security, energy, critical resources, and digital innovations, which will be beneficial for both the European Union and European businesses that view Ukraine as a new attractive investment destination.
Additionally, Deputy Prime Minister for European and Euro-Atlantic Integration Olha Stefanishyna announced that technical consultations between Ukraine and the United States regarding a minerals agreement will take place on April 11 in Washington. She confirmed that the agreement cannot contain aspects that contradict cooperation with the EU.
“I can truly confirm that nothing in the agreement can be discussed with Ukraine in a way that undermines Ukraine’s existing commitments, including financial ones,” she added.
Andrii Sybiha, head of the Ministry of Foreign Affairs of Ukraine, also clarified that the agreement with the United States is undergoing an analysis for compliance with Ukrainian legislation, as it must align with the interests of both countries.