Five Pillars of Recovery: EU and US Agree on Key Steps for Ukraine

The EU, the US and Ukraine are close to a historic deal to rebuild Ukraine after the war. The document envisages investments, reforms and Kyiv’s integration into the European market.

European Commission President Ursula von der Leyen announced after an informal meeting of the European Council members on January 22 that work on the post-war reconstruction plan for Ukraine is almost complete. The transcript of her speech was published by the European Commission’s press service.

According to von der Leyen, the document is based on the World Bank’s analysis and reflects a shared vision of Ukraine’s future for Ukrainians, Americans, and Europeans.

The agreement is based on five key areas:

Increasing productivity through business reforms and increased competition.

Accelerated integration of Ukraine into the EU single market through reforms in key economic sectors.

Increasing investment through the Ukraine Investment Framework, which operates within the framework of the support mechanism [Ukraine Facility].

Enhanced coordination between donors for effective funding.

Implementation of fundamental reforms – fighting corruption, modernizing public administration, and strengthening the rule of law to gain the trust of partners and investors.

Von der Leyen added that a meeting of EU leaders will take place on February 12, at which they plan to finally approve the “prosperity plan” for Ukraine.

In addition, this week the EU will transfer 447 emergency generators worth €3.7 million to Ukraine to support the energy system in times of emergency.

Let us recall that in Davos, the public “signing” of the so-called “prosperity plan” for Ukraine was disrupted . On the sidelines, this was explained simply: priorities shifted, the allies were busy with the crisis around Greenland and a nervous recalculation of risks for NATO, and the Ukrainian preparations for Ukraine were allegedly “torn and rewritten” to fit the new topic of the day. The American side cut off the meeting abruptly: they said, “there was no date,” the document still needs to be finalized.

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