Shmygal announced an area for investment of 10 billion euros

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Shmygal announced an area for investment of 10 billion euros

21.07.2021 News

The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries.

“Ukraine creates conditions for attracting investors. The current rules of access to subsoil correspond to modern practices of developed countries, the best way to attract investors to exploration projects can be considered open competitive auctions for the sale of special permits and licenses,” he said.

The Prime Minister noted that attracting foreign technologies and investments requires international participation.

“Comprehensive development of such critical materials can attract significant investment in Ukraine. Already in the first period, 10 billion euros can be invested in this area,” Shmygal added.

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