14 Apr 2023 16:14

Switzerland plans to disburse at least $1.7 bln in support for Ukraine by 2028

MOSCOW. April 14 (Interfax) - Switzerland plans to disburse at least another $1.7 billion in support for Ukraine by 2028, Ukrainian media have reported citing the Swiss Info website, which quoted Swiss Foreign Minister Ignazio Cassis as saying.

"Swiss Foreign Minister Ignazio Cassis has emphasized 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," the report published on Thursday says.

The support is to be provided as part of the international cooperation strategy the Swiss Federal Department of Foreign Affairs announced on April 12, 2023.

"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.

Speaking at the spring meeting of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, Cassis also emphasized the importance of the Lugano Declaration, adopted in Switzerland's Lugano on July 5, 2022.

The declaration is focused on seven principles of Ukraine's recovery process, i.e. partnership, focus on reforms, transparency, democratic participation, multi-stakeholder engagement, equality, and sustainability.

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

Before the WB and IMF conference in Washington, Cassis held consultations with Ukrainian Prime Minister Denis Shmygal.