The UK Government will provide support to the Ministry of Reintegration of Temporarily Occupied Territories of Ukraine in launching a strategy for the economic transformation of the Donetsk and Luhansk regions. The strategy aims to create a new “business model” for these regions to attract business and investment, resulting in job creation and better economic opportunities of local population.
The intention was announced at a meeting between Deputy Prime Minister of Ukraine – Minister for Reintegration of Temporarily Occupied Territories Oleksiy Reznikov and British Ambassador Extraordinary and Plenipotentiary to Ukraine Melinda Simmons regarding the launch of the Donbas economic transformation strategy support project.
In particular, this project is funded by the British Embassy via the Good Governance Foundation (GGF) and aims to support the Ministry in developing a strategy for economic development of Donetsk and Luhansk regions with a focus on government-controlled territories of Donbas.
“It is important that we are launching this project aimed at forming the economic development strategy for the Donetsk and Luhansk regions with the United Kingdom as it is one of the key elements of our proactive plan. I sincerely thank my British colleagues for joining our work. Everyone involved in the development of the strategy was well aware that we have a framework within which we must find the most effective ways to create comfortable conditions for people, develop communities and build peace,” Oleksiy Reznikov said.
As a reminder, in pursuance of the Government’s decision on the adoption of the Concept, the Ministry of Reintegration of Temporarily Occupied Territories plans to develop a strategy for economic development of the Donetsk and Luhansk regions based on 42 international cases and submit it to the Cabinet of Ministers for approval by April 2021.