In the year and a half since Russia launched its invasion of Ukraine, Ukraine’s government has been working to boost its economy with the support of foreign multinationals and financial giants such as BlackRock Inc.
Related: Most Ukrainian companies are fully operational after 18 months of war, Kyiv-based American Chamber of Commerce says As part of this effort, UkraineInvest is talking to a number of financial institutions in New York and Washington D.C. “On a smaller scale than BlackRock, obviously, but they are still capable of bringing investments,” Tsivkach said. “Different investment mechanisms need to be assessed, including blended finance and impact investing,” he added.UkraineInvest defines an SME as a business with 50 to 250 employees.
Ukraine’s economic data certainly paints a stark picture. The country’s GDP fell by 30.4% in 2022, according to data from Ukraine’s Ministry of Economy.