Switzerland and Ukraine have signed an agreement to double the funding for reconstruction projects, raising the amount from 50 to 100 million Swiss francs.

This was reported by the Ukrainian Ministry of Economy.

Switzerland will allocate 100 million francs for Ukraine's reconstruction

The agreement was signed by Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, and the Swiss Ambassador to Ukraine, Jacques Gerber.

The decision to increase funding was made due to the significant interest of Swiss companies already operating in Ukraine and their potential to contribute to its recovery.

Yulia Svyrydenko noted that the additional 50 million francs will be directed towards initiatives in the following areas:

civilian protection

infrastructure restoration

development of municipal services

enhancement of public services.

The official expressed particular interest in cooperation in energy, transportation, housing construction, water supply, healthcare, industrial engineering, and education.

Ambassador Jacques Gerber stated that Swiss enterprises continue their operations in Ukraine, providing employment and paying taxes despite existing difficulties.

The allocated 100 million francs are part of a larger aid program for Ukraine from Switzerland, which totals 1.5 billion francs for the period from 2025 to 2028.

In the long term, Switzerland plans to invest 5 billion francs into a 12-year support program for Ukraine.

On March 19, the Swiss State Secretariat for Economic Affairs decided to double the funding for reconstruction projects in Ukraine to 100 million Swiss francs.

Switzerland also supported the lifting of the ban on re-exporting weapons to Ukraine.

Switzerland's President Viola Amherd stated her support for the idea of lifting the current ban on the transfer of Swiss-made weapons from other countries to Ukraine.

According to her, the challenges facing the defense industry pose a threat to national security.

The president emphasized that Switzerland does not plan to conduct direct arms supplies to countries involved in military conflicts; however, despite its traditional neutrality, Switzerland became one of the 14 largest arms exporters in the world in 2022.