Switzerland Doubles Financial Aid to Ukraine
09 April 2025 13:33
The Swiss Confederation has announced the doubling of its financial assistance to Ukraine, raising the total to 100 million Swiss francs for recovery support.
This was reported by the Ministry of Economy of Ukraine.
Switzerland is set to 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.
This decision follows significant interest from Swiss companies already operating in Ukraine and eager to contribute to its recovery.
Yulia Svyrydenko emphasized that the additional 50 million francs will be directed towards:
civilian protection
infrastructure restoration
municipal services development
enhancement of public services.
She also expressed particular interest in cooperation in energy, transportation, housing construction, water supply, healthcare, industrial manufacturing, and education.
Ambassador Jacques Gerber noted that Swiss enterprises continue their operations in Ukraine, providing employment and paying taxes despite existing challenges.
The allocated 100 million francs are part of a larger assistance program for Ukraine from Switzerland, with a total of 1.5 billion francs planned for the period of 2025–2028.
In the long term, Switzerland intends to invest 5 billion francs in a 12-year support program for Ukraine.
On March 19, the Swiss State Secretariat for Economic Affairs made the decision to double funding for reconstruction projects in Ukraine to 100 million Swiss francs.
Switzerland has supported the lifting of the arms re-export ban to Ukraine
Swiss President Viola Amherd stated that she backs the idea of lifting the current ban on the transfer of Swiss-made weapons from other countries to Ukraine.
According to her, the challenges faced by the defense industry pose a threat to national security.
The President emphasized that Switzerland does not plan to directly supply weapons to countries involved in military conflicts. However, despite its traditional neutrality, Switzerland became one of the 14 largest global arms exporters in 2022.