The Government has adopted a new strategy for Sweden’s recovery and reform cooperation with Ukraine for 2023–2027. The strategy will provide a total of approximately EUR 522 million (SEK 6 billion) and is Sweden’s largest-ever bilateral development assistance strategy.
“I’m proud that the Government today is able to present a brand new strategy for Ukraine’s recovery, Sweden’s largest-ever bilateral strategy. Support to Ukraine is among our top priorities and this strategy is at the core of it. We’re taking a major step to provide robust and long-term support for Ukraine’s recovery. It will strengthen Ukraine’s resilience and democratic development, which will bolster the country’s capacity to resist Russia’s full-scale invasion,” says Minister for International Development Cooperation and Foreign Trade Johan Forssell.
Focusing on both recovery and reform, the strategy will contribute to Ukraine’s EU integration and strengthen its freedom, resilience and economic prosperity. The strategy is based on Ukraine’s needs, priorities and clear ambition not to be restored to what it was before Russia’s aggression, but to develop and modernise the country.
To harness Sweden’s added value as a donor, the strategy includes areas where Sweden is at the forefront, such as the green transition, social issues and digital transformation. In addition to development assistance, business sector engagement will be important to mobilise the necessary resources. One year after Russia launched its full-scale invasion, the cost of reconstruction and recovery in Ukraine was estimated at USD 411 billion for 2023–2033.
“Conditions for business are crucial for Ukraine’s reconstruction and economic recovery. By strengthening Ukraine’s investment climate and the country’s role as a trading partner, the strategy can facilitate trade and entrepreneurship,” says Mr Forssell.
