Switzerland To Release Another CHF1.5 Billion For Ukraine

2023-04-13 04:10:05

(MENAFN- Swissinfo) Journalists listen as Ukrainian President Volodymyr Zelensky speaks to the Third Ministerial Roundtable Discussion for Support to Ukraine being held at World Bank Group headquarters in Washington, DC, on Wednesday. Keystone / Shawn Thew

Swiss Foreign Minister Ignazio Cassis has emphasised Switzerland's commitment to long-term support for Ukraine. The government said it intends to provide at least another CHF1.5 billion ($1.7 billion) by 2028.

This content was published on April 13, 2023 April 13, 2023 minutes Keystone-SDA/ts

The support is to be provided as part of the international cooperation strategy for 2025 to 2028, the foreign ministry said on Wednesday.

Together with the CHF300 million earmarked for 2023 and 2024, Switzerland would support Ukraine with at least CHF1.8 billion over the next six years, it said.

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Speaking at the spring meeting of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, DC, Cassis also emphasised the importance of the Lugano Declaration, the result of the first conference on the reconstruction of Ukraine, held in the Swiss city of Lugano in July 2022.

According to Cassis, the declaration contains important guiding principles for reforms and transparency which are necessary for sustainable reconstruction.

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