Ukraine announces plans to rebuild damaged industrial plants with equipment donations
The Ministry of Economy is preparing a mechanism for the restoration of manufacturers destroyed or damaged by the war. It will provide assistance to enterprises in the form of foreign-made equipment, the press service of the department reported on Thursday.
"The key idea: national manufacturers, whose equipment was destroyed or damaged as a result of Russian aggression, will have the opportunity to receive foreign-made equipment as material and technical assistance. I stress that this is about equipment, not funds. It will be supplied according to mechanisms analogous or similar to mechanisms for humanitarian aid to Ukraine," said Deputy Minister Ihor Fomenko.
The Ministry hopes that this will allow to restore the industrial potential lost due to the war.
According to the Kyiv School of Economics, at least 426 large and medium-sized private enterprises and state-owned companies were damaged or destroyed as a result of the hostilities.
"The task for the nearest period is to work together and offer an absolutely transparent and clear mechanism for receiving aid, which is understandable both for Ukrainian businesses and for our foreign partners, whose support we count on," said the deputy minister.
So far, the plan is as follows: enterprises must submit lists of damaged equipment (private – to regional administrations, state – to central executive authorities), and the state will prepare a regulatory framework.
Aid will be provided through designated recipients of humanitarian aid, and the mechanism for its distribution will be developed taking into account the priority of the development of economic sectors and economic expediency. Priority will be given to processing enterprises or those that generate added value.
In addition, safeguards against abuse at various stages and control mechanisms need to be developed.
By the end of 2022, as the war continued, only 417 of Kyiv's 1,140 largest industrial enterprises were still operational.
