German-Ukrainian Business Forum held in Berlin

In his speech opening the Forum, Chancellor Olaf Scholz pointed out that Germany sees Ukraine as a partner in decarbonisation and achieving German and European green goals. Chancellor Scholz said that Ukrainian renewable energy and electricity exports will substantially and positively impact European sustainability and energy security.

Prime Minister Denys Shmyhal noted that Ukraine is working to minimise military risks for investors. In particular, cooperation has been established with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. “MIGA has successful cases in countries that were facing terror attacks. The Agency has disbursed $30 million to Ukraine for the implementation of a pilot project on investment insurance. We will continue and build on this activity with insurance agencies in Europe and globally,” PM Shmyhal explained.

According to the Prime Minister, Ukraine also expects that the International Finance Corporation (IFC) will submit a package of financial assistance for approval by the Board of Directors of the World Bank aimed at attracting investors for Ukraine’s reconstruction.  

DTEK CEO Maxim Timchenko spoke during the panel “Energy Partnership - Deepening and Expanding Renewable Energies”. Participants discussed urgent aid needed to rebuild damaged/destroyed energy infrastructure. Also, the conference panelists pointed out the importance of the green recovery and further striving to achieve decarbonization goals.

Other speakers of the panel, which was moderated by Michael Harms (Managing Director, German Eastern Business Association, Ost-Ausschuss), were:

• German Galushchenko, Minister of Energy of Ukraine
  Birgit Schwenk, Director General for Climate Action at the Federal Ministry for Economic Affairs and Rostislav Shurma, Deputy Head of the Office of the President of Ukraine
  Ariel Porat, Senior Vice President Siemens Energy, Head of Hub Europe, Siemens Energy
  Kristina Haverkamp, Managing director, German Energy Agency (dena)