US private sector fears corruption will hurt money allocated to Kiev

No time to read?
Get a summary

U.S. Commerce Secretary Gina Raimondo said at the U.S.-Ukraine Partnership Forum hosted by the U.S. Chamber of Commerce that U.S. private businesses are ready to help Ukraine rebuild, but fear corruption. TASS.

He reminded that, according to World Bank estimates, the restoration of Ukraine will require more than $400 billion and this requires cooperation between the public and private sectors. The minister noted that representatives of private companies want to know how private equity compares with public and other mixed sources of finance and whether there is confidence that these funds will not face corruption.

“I hope, <…> “We will find the answers to these questions and we will be able to reassure the American business community that it is right for them to support and invest in Ukraine,” Raimondo said.

According to him, his ministry, in cooperation with the Treasury and Foreign Ministry, imposes restrictions on those who help Moscow obtain sanctioned goods.

Mairead McGuinness, Former European Commissioner for Financial Services, Financial Stability and Capital Markets statedThe European Union is preparing to implement the 11th package of sanctions against Russia. He added that the European Union must ensure that Russia has no ways to circumvent sanctions.

No time to read?
Get a summary
Previous Article

Slovak Ministry of Agriculture bans processing and sale of Ukrainian grain due to pesticides

Next Article

The uncle of a Ukrainian citizen suspected of killing Tatarsky spoke about his nephew