Ukrainian President Volodymyr Zelensky on Tuesday called on U.S. businesses still operating in Russia to leave it and help Ukraine rebuild its destroyed infrastructure. Other than artillery, Russias gear hasnt performed very well. Russia is stepping up its offensive heading into the second year of the war, but already the staggering rebuilding task is evident. Opportunities for investors and partners.". At 5 million refugees thats $25b. Premium. Thats why Im focused on four key sectors: To repair roads and bridges, Ukraine will need the help of U.S. engineering companies. Plus $100b in infrastructure damage and counting. . Financing reconstruction may require cooperation between Western and Ukrainian governments and international financial institutions. Danfoss, a Danish industrial company that sells heat-efficiency devices and hydraulic power units for apartment and other buildings, has been doing business in Ukraine since 1997. WASHINGTON, April 21 (Reuters) - U.S. companies can help rebuild Ukraine with digital infrastructure, clean energy and more in the aftermath of Russia's invasion, U.S. Export-Import Bank President Reta Jo Lewis said on Thursday before a meeting with Ukraine finance officials. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Mobilizing large-scale private and official investment to knit the country back together could be among the most urgent tasks. See here for a complete list of exchanges and delays. And the writings on the wall. All Rights Reserved. It will also need to piece together communities that have been blown apart by the war. A top European official has backed a multi-trillion-euro "Marshall"-style plan to rebuild Ukraine, pledging the firepower of the EU's lending arm for what he said must be a global rescue effort. Ukrainian President Volodymyr Zelensky speaks alongside Speaker Nancy Pelosi (D-Calif.) during a photo op following their meeting . There will be a lot of procurement contracts, Mylovanov says. Days after a surprise trip by President Joe Biden, his top economic official also visited Kyiv and reiterated the administration's support for Ukraine. Ph.D. Student, Pardee RAND Graduate School, and Assistant Policy Researcher, RAND, Deputy Lead, RAND Space Enterprise Initiative; Assistant Policy Researcher; Ph.D. New buildings comprised only 3 percent. Ukraine plans to put forward a blueprint this week for rebuilding the country that could mobilize hundreds of billions of euros, even as the nation grapples with a Russian . What are your picks? If Ukraine manages to repel Putin's army and regain its independence, it will need a massive influx of cash to recover and rebuild. The U.S. will be able to pick Russias pockets to help Ukraine pay for this rebuilding, and Russia wont get any say in how this money is spent. Mining is a big area, too. The Pardee RAND Graduate School (PardeeRAND.edu) is home to the only Ph.D. and M.Phil. Domestic resources could give Ukraine more control and flexibility over reconstruction, helping shape it in ways attuned to the country's circumstances. players. Car and tire companies might not be a bad bet either given the number of vehicles that have been blown up Ukrainian PresidentVolodymyr Zelenskyspeaks alongside Speaker Nancy Pelosi (D-Calif.) during a photo op following their meetingat the Capitol in Washington, D.C., on Wednesday, December 21, 2022. (Germany basically sent the Ukrainians some helmets early on!). The prospect of that trove is inspiring altruistic impulses and entrepreneurial vision, savvy business strategizing and rank opportunism for what the Ukrainian chamber of commerce is trumpeting as the worlds largest construction site!. But again, reforms could better persuade creditors to lower Ukraine's debts. Privacy & Cookies: This site uses cookies. Power and water were widely cut off, forcing Ukraine and businesses to swing back to dealing with emergencies. That means theres going to be a lot of exploration. Danfoss, a Danish industrial company that sells heat-efficiency devices and hydraulic power units for apartment and other buildings, has been doing business in Ukraine since 1997. Students show up, and they are studying, he says. Ukraine's finance minister, Serhiy Marchenko, welcomed the strong U.S. support and said his country is looking for bridge financing to fill gaps in its budget. As a subscriber, you have 10 gift articles to give each month. Mr. Forrest announced a $500 million initial investment in November, from his own private equity fund, into a new pot of money created for rebuilding projects in Ukraine. DeSantis pushes for dismissal of lawsuit brought by migrants sent to Marthas Feehery: Progressive DC government turning city into a dystopia, The shepherd boy, the wolf and the threat to Israeli democracy, What Bidens FHA mortgage fee cut means for buyers, Trumps polling strength causes heartburn for Senate GOP, Top takeaways from student loan forgiveness arguments at the Supreme Court, Student loan forgiveness: Key statements from each justice, 10 key figures who will and wont be at CPAC, Watch live: White House monkeypox response team holds briefing, Do Not Sell or Share My Personal Information. Commentary gives RAND researchers a platform to convey insights based on their professional expertise and often on their peer-reviewed research and analysis. Theres immediate rebuilding, of critical infrastructure and housing, says Mylovanov, speaking to Fortune on Tuesday night from his Kyiv office, which at that moment had working lights, and electrical power to charge his devices. The Eastern part of Ukraine the same area thats been central to Russias invasion is resource-rich. After Halliburton it was Bechtel Group. National Association of Manufacturers President Jay Timmons told Zelensky that U.S. manufacturers will be there to help rebuild Ukraine when the war is over. As an example, America dominates the market for building large construction projects. Ukraines Chief Economic Advisor Oleg Ustenko recently said his country will need to repair Roads, bridges, hospitals, equipment and other assets.. Reconstruction in the construction sector would benefit if there were easier access to building permits, better mortgage programs, and a more-efficient real estate market. Until now, weve talked about using this money for humanitarian purposes. If Ukraine reforms and mobilizes domestic finance, this may build confidence among donors as well as investors. Kudoiar has worked for U.S.-based Safe Way Carrier and its sister company, Logistics Experts or LogEx, for over a year now and assists with back-office support. Ukraine has suffered widespread damages in cities across the country, and Russia in particular has targeted Ukraines energy infrastructure in recent weeks as colder temperatures arrived at the start of winter. Some sectors will recover quite fast, she notes, like agriculture. She says that with Ukraine under intense wartime emergency since February, large weapons producers (the country was the 14th biggest arms supplier until Russia invaded) and the countrys tech companies have rolled out innovations to cope with the conflict. March 17, 2022 11:33 pm by IWB Sharing is Caring! These include a noodle factory, a factory for the processing of. He says his classes have been 70% full throughout months of bombing, curfews, and blackouts. As usual, Pro subscribers have access to my favorite way to play this opportunity! THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. He says he's worried about his parents, who live in the Sumy region of Ukraine, about 30 miles from the Russian border. Ukraines hospital system needs to be rebuilt, including medical equipment and supplies. Zelensky previously spoke with Fink in September, and Kyiv also indicated some BlackRock leaders will visit Ukraine next year. Randy Bregman, William Courtney @courtneywmh, et al. A Division of NBCUniversal. Even as Russian missiles pounded Ukraines energy grid this week, leaving parts of the country freezing and in darkness, Tymofiy Mylovanov, president of the Kyiv School of Economics, has been focusing on a less immediate problem: how to rebuild the country after nearly 10 months of devastating war. Bruno Le Maire, the finance minister, said contracts worth a total of 100 million euros, or $107 million, had been awarded to three French companies for projects in Ukraine: Matire will build 30 floating bridges, and Mas Seeds and Lidea are providing seeds for farmers. Both have covered the economic fallout since Russias invasion of Ukraine. A roll-back could boost rebuilding costs. They have reduced public confidence in government and deterred private investors. Id look at a major drilling company like Transocean (NYSE: RIG). Even so, he said, Danfoss is keeping its eye on the long term. France will also offer state guarantees to companies doing future work in Ukraine. It needs new infrastructure, new transportation, new hospitals. Metinvest mining and metallurgical group will be able to supply a sufficient amount of metal products to restore Ukraine after the war, the company's CEO Yuriy Ryzhenkov said in an interview with Bloomberg. +0.64 +0.84%. Patricia Cohen reported from Lviv, Ukraine, and Warsaw, and Liz Alderman from Paris. In other words, Ukraines about to go on a spending spree and Russias footing the bill! Outside View 2022 United Press International. For example, EUR 100 billion that would be allocated by the European Union to restore the destroyed infrastructure, schools . The Danish company sells heat-efficiency devices and hydraulic power units for buildings. Ukraine has languished in the bottom one-third in Transparency International's Corruption Perceptions Index. Anyone can read what you share. It is obvious that post-hostilities, reconstruction of Ukraine will give an extraordinary moral advantage to all businesses that will be in, he added. Does Biden/Obama/Harris/Pelosi have any similar conflicts of interest where they might direct funds for rebuilding? presentation of communities projects for: representatives of partner countries' governments, International Exhibition Company with proven track record for offering a platform for state-private partnerships, investments and international trade, daughter companies our employees took part in organising, UI. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Historically, Russia has relied on sales of military equipment to line its pockets. WASHINGTON, April 21 (Reuters) - U.S. companies can help rebuild Ukraine with digital infrastructure, clean energy and more in the aftermath of Russia's invasion, U.S. Export-Import Bank President Reta Jo Lewis said on Thursday before a meeting with Ukraine finance officials. BERLIN (Reuters) - A German lobby group representing companies with interests in eastern Europe has called for a plan to rebuild Ukraine that would mirror the Marshall Plan that helped Europe. Then Russia started dropping bombs en masse. Nvidia and companies like Apis Cor could demonstrate how to better respond to disasters, house refugees and apply AI and 3D printing to develop a vision of the country of tomorrow into the. www.bbc.com/news/business-60684660 As the countrys leaders lay postwar plans, companies from around the world are jockeying for advantage in what could be a multibillion-dollar effort, although one loaded with risk. The U.S. awarded $8b in contracts to rebuild the country. This could involve repairing and improving transport infrastructure, such as roads and bridges, and restoring damaged electric power (PDF) capacity to enable industry. /content/admin/rand-header/jcr:content/par/header/reports, /content/admin/rand-header/jcr:content/par/header/blogPosts, /content/admin/rand-header/jcr:content/par/header/multimedia, /content/admin/rand-header/jcr:content/par/header/caseStudies, Climate Change Will Transform How We Live, but These Tech and Policy Experts See Reason for Optimism, Preparing for a Cyberattack Starts at the Local Level, How China Understands and Assesses Military Balance, Russian Military Operations in Ukraine in 2022 and the Year Ahead, Consequences of the War in Ukraine: A Bleak Outlook for Russia, RAND President and CEO Presenting to House Permanent Select Committee on Intelligence, RAND Experts Discuss the First Year of the Russia-Ukraine War, Helping Coastal Communities Plan for Climate Change, Measuring Wellbeing to Help Communities Thrive, Assessing and Articulating the Wider Benefits of Research, Even as War Rages, It's Not Too Soon for U.S. Policymakers to Look Over Horizon, Russia and Ukraine: The Economic Consequences of Peace. And though private investors are being courted, few are willing to risk committing money now, as the conflict is entrenched. If Ukraine reforms and mobilizes domestic finance, this may build confidence among donors as well as investors. . Ukraine has made clear there will be rewards for early investors when it comes to postwar reconstruction. Consider Halliburton (NYSE: HAL), Aecom (NYSE: ACM), and maybe Caterpillar (NYSE: CAT) which makes trucks and equipment. When the war started last February, Russian shelling destroyed its Kyiv warehouse. Khrystyna Holynska is an assistant policy researcher at RAND, a Ph.D. student at the Pardee RAND Graduate School, and a visiting professor at the Kyiv School of Economics. . To counter these sanctions, Russia doubled its foreign reserves to $650 billion. Those who enter early will have larger markets, and will maybe get a premium.. BlackRock Financial Markets Advisory and the Ukrainian Ministry of Economy signed a memorandum of understanding in November, after Fink and Zelenskyy met in September to discuss driving public and. The three agencies that awarded most of the Iraq and Afghanistan contracts in 2002 and 2003the Pentagon, the State Department and the U.S. Agency for International Development. There is talk of giving refugees $5,000 each. Economic and rule-of-law reforms may be most important. Besides the humanitarian crisis, it could be a good business bet, in some economists opinion. More than 300 companies from 22 countries signed up for a Rebuild Ukraine trade exhibition and conference this week in Warsaw. But dont discount other countries doing the same. All that is necessary in order to avoid billions being appropriated by oligarchs or corrupt businesses. The recovery plan described the overarching vision: "To build the new Puerto Rico to meet the current and future needs of the people through sustainable economic development and social transformation; transparent and innovative approaches to governance; resilient, modern, and state-of-the-art infrastructure; and a safe, educated, healthy, and Consider Halliburton (NYSE: HAL), Aecom (NYSE: ACM), and maybe Caterpillar (NYSE: CAT) which makes trucks and equipment. Russia's Defense Ministry on Tuesday accused Ukraine of launching a spate of attempted drone strikes targeting infrastructure deep inside Russia, including near the capital, after a fire broke . Danfoss has since focused on helping with immediate needs in war-torn regions and in western Ukraine, where millions of people displaced from their homes have been forced to settle in temporary shelters. The question of who will control the money invested in Ukraine is one that Europe, the United States and global institutions like the World Bank are debating. And if Im right, the bulk of this money will wind up in the pockets of U.S. companies and send their stocks soaring. Terms & Conditions. "We held important talks with U.S. Secretary of Transport Pete Buttigieg on systemic measures to support Ukraine in the fight against the aggressor. Published Sun, Mar 6 20229:10 AM EST. InvestmentWatchBlog.com 2013-2022. In fact, Germany has already said it wants to purchase 35 F-35 planes from the U.S. at about $80 million to $100 million a pop. All rights reserved. Perhaps impressive war-time patriotism will lead to greater impatience with corruption. Definitely there will be rebuilding opportunities, he said, and we see a huge, huge opportunity for ourselves and for similar companies.. "A restoration plan is needed, which I also discussed with the President of the European Commission. At the same time, he said that last year was difficult for Metinvest and the country as a whole. Why American weapons? The astronomical cost of rebuilding Ukraine is on the minds of major . Right now, nobody is really looking for major reconstruction.. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. And this is a big long-term concern for the country. The task is hugeand could cost up to $1.1 trillion dollars, more than was spent under the Marshall Plan rebuilding Europe after the Second World War. But Ukraines rebuilding, and the hundreds of billions likely to come from the U.S. and the European Union, could well lead to a postwar boom for companies willing to invest. Bus lines to EXPO XXI WARSAW: 105, 136, 154, 159, 167, 178, 184, 186, 523, 414 (bus stop PKP Kasprzaka) or 136, 154, 167 178, 184, 186 (bus stop Pradzynskiego). While current discussions tend to focus on ruined infrastructure, the potential demographic catastrophe may be more crippling in the long run, says the report. Last month, at the World Economic Forum in Davos, Switzerland, a standing-room-only crowd packed Ukraine House to discuss investment opportunities. He said Ukraine had received nearly $4 billion in aid from the International Monetary Fund, World Bank and European Union, among others, but would need continued funding to cover gaps in its budget. Ukraines military has been stuck using a lot of old Soviet and Russian gear, so it will certainly look to purchase American-made equipment. The Ukrainian government is developing procedures for estimating the cost of damages. I don't know where the funding for all of that would come from, perhaps financial support from the West, reparations from Russia, who knows. The gathering is just the latest in a dizzying series of in-person and virtual meetings. Many large U.S. companies, including Deere & Company (NYSE:DE), Mary Kay Inc. and oil giants, do business in Ukraine. Agricultural land reform and education helped the South Korean economy take off in the years following a devastating war. These are among the factors that could spur rebuilding in Ukraine. Treasury Secretary Janet Yellen, who . Andrea Shalal. It is uncertain whether the West would seek forfeiture of some or all of the $300 billion or so in blocked assets of the Russian Central Bank held in the West. Reconstruction elsewhere may offer insights. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Ukraine has a lot of offshore gas and oil potential. All these are not just investment opportunities, not just industries and not just growth. These stocks could rise as Russia-Ukraine war causes U.S. companies, investors to rethink globalization trend. REBUILD UKRAINE is 501 (c) (3) public charity incorporated in Minnesota. Ukrainian President Volodymyr Zelensky will need massive investment to rebuild Ukraine. Mr. Forrest announced a $500 million initial investment in a pot of money for rebuilding projects in Ukraine. "One way to look at this is to do an inventory of damaged bridges, buildings and so on and calculate the cost of . What Ukrainian and foreign companies wanted to know was: Who will decide on the contracts, and how do they apply? Among those who have stayed are Mylovanovs students at the Kyiv School of Economics. Ukraine's defense industrial conglomerate Ukroboronprom and Czech state-owned company VOP CZ made a deal to repair heavy armored vehicles of the Armed Forces Yuriy Jexenev on LinkedIn: Ukraine will repair its heavy armor in Czech Republic Nonetheless, a lot of companies are starting to position themselves to be ready and have some track record for this time when the reconstruction funding will be coming in, said Tymofiy Mylovanov, a former economy minister who is president of the Kyiv School of Economics. .The Centers investigation found that 14 of the contractors were awarded U.S. government work in both Iraq and Afghanistan. But to attract companies to invest in a perilous war zone with a history of widespread corruption, Ukraine will need a drastic overhaul of its judiciary system, and to create an outside agency, most likely run by the European Union, that would oversee the giant contracts once rebuilding seems possible. and investment required to rebuild Ukraine's war-torn economy, with an emphasis on infrastructure, industry and housing, now in ukraine there is an acute issue of financing for the implementation of 14 out of 17 sustainable development goals, Activities within the framework of ReBuild Ukraine, of representatives of Ukrainian and EU authorities, "Ukraine and its Territorial Communities", "Rebirth of Nation. And not just any foreign banks, but banks in countries that largely oppose Russias recent invasion. Financing the rebuilding of Ukraine is a moral debt for the West. For a transcript of this video, see below. But do you want to invest your own money, or do you want to sell services or goods? It found that nearly every one of the 10 largest contracts awarded for Iraq and Afghanistan went to companies employing former high-ranking government officials or individuals with close ties to those agencies or Congress. There is an opportunity to have good results, she told Fortune on Tuesday. Hundreds of thousands of homes, schools, hospitals and factories have been obliterated along with critical energy facilities and miles of roads, rail tracks and seaports. www.bloomberg.com/opinion/articles/2022-03-16/russia-can-be-made-to-pay-for-ukraine-damage-now. More than 700 French companies swarmed to a conference organized in December by President Emmanuel Macron. All quotes delayed a minimum of 15 minutes. Who will pay for what? Domenico Campogrande, director general of the European Construction Industry Federation, said from the stage. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Rebuilding Ukraine Inc. International Rapid Deployment Agency Rebuilding Ukraine Inc. is the US-based member-owned international rapid deployment agency, that was founded in March 2022 with the sole purpose of helping Ukraine rebuild after the Russian war. Most are interested in selling something, he said. "In order to keep sufficient level of these resources, it will be crucial for us to continue to continue receiving official finances from our international partners," Shevchenko said, adding that his government was counting on U.S. support. It is much higher attendance than during the pandemic, when everyone wanted to be alone. William Courtney is an adjunct senior fellow at the nonprofit, nonpartisan RAND Corporation who has served as U.S. ambassador to Kazakhstan and Georgia. REUTERS/Elizabeth Frantz/File Photo Reuters. At which point economic sanctions were handed down. Ukrainians may report personal property damage through the government's Diia app. Even though fighting is still underway, Ukraine and its Western partners are beginning to weigh options for postwar reconstruction. Pradzynskiego 12/14, 01-222 warsaw, poland. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. Oliver Contreras | Bloomberg | Getty Images, The Russia-Ukraine war is unlikely to end in the foreseeable future: Analyst, A readout from the Ukrainian president's official website, U.S. House of Representatives gave final approval on Friday to a $45 billion aid package for Ukraine. Andriy Berestyan, the managing director of Danfoss in Ukraine. It came after Ukraines economic ministry signed a memorandum of understanding in November for BlackRock to provide advisory support for designing an investment framework. Zelenskyy and Fink agreed Wednesday to "focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channelling investment into the most relevant and impactful sectors of the Ukrainian economy. The years following a devastating war committing money companies that will rebuild ukraine, weve talked about using this money for rebuilding and on... So, he said, Danfoss is keeping its eye on the long.... Who will decide on the minds of major be rebuilt, including medical equipment and supplies procurement contracts and. Are not just any foreign banks, but already the staggering rebuilding task is.! To go on a spending spree and Russias footing the bill and if Im right, the bulk of money! 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