The purpose of the visit is to familiarize representatives of large American corporations with the possibilities of investing in Ukraine now or after the end of the “hot” phase of the war, said Penny Pritzker, the US special representative for the economic recovery of Ukraine.
Archer Daniels Midland (“ADM Ukraine”) has been operating in Ukraine for several decades and has about 600 employees in the country.
Marsh McLennan was interested in insurance products. “Currently, Ukraine has an insurance mechanism for ships sailing in the Black Sea,” Pritzker noted. – What about the goods they transport? What about air transport? It was a discussion with the government on how to expand the coverage of this mechanism.”
Bank of America is discussing the restructuring of Ukrainian government debt under bonds (in the summer of 2022, Ukraine agreed with creditors to defer payments and repayments on part of the government debt for two years). “The better the conditions for future restructuring, the better it will be for future bond issues,” Penny Pritzker said.
Regarding the agricultural sector of Ukraine, the discussion was focused on strengthening the long-term competitiveness of Ukraine, which competes with countries such as the United States, Brazil and Australia. “For Ukraine to compete over the long term and realize the potential of its agricultural sector, its institutions, laws, processes, transport and logistics must meet international standards,” stated Penny Pritzker. “Today was a very practical conversation, the visit was as specific as possible - between the companies and the government, so that they can understand what the real situation is and what the real potential is,” she added.
