Zelensky explains why it’s difficult to attract investors to activities in eastern Ukraine

President Volodymyr Zelensky says it is very difficult to attract investors to activities in areas along the contact line because they do not want to risk capital.

He said this at a press conference in Kyiv on May 20, an Ukrinform correspondent reports.

“It is very difficult to attract investors, believe me, they do not want to risk capital; unfortunately, we have risky areas along the contact line … But we held the forum in Donbas, namely in Mariupol [in 2019], so that investors come and see that it is safe there,” Zelensky said.

He added that in order to solve the problem of emigration of young people from the government-controlled territories of Donetsk and Luhansk regions, enterprises should open there, and for this, it is necessary to end the war and continue to build infrastructure.

Earlier, the Ministry for Reintegration of Temporarily Occupied Territories reported that the Economic Development Strategy of Donetsk and Luhansk Regions should enter into force on January 1, 2022 to promote the development of business and territorial communities. Among the proposed measures for investors is insurance against military and political risks.

(c) Ukrinform

6 comments

  • “President Volodymyr Zelensky says it is very difficult to attract investors to activities in areas along the contact line because they do not want to risk capital.”

    You need to open your eyes zelensky. The whole of Ukraine is a difficult place to attract investors when you have the likes of Kolomoisky on the loose. Investors started to come to Ukraine prior to Yanukovich taking over, as soon as that bastard got in power, the investors left asap. They started slowly coming back under Poroshenko, but now after the affair with the Canadian investor, it’s back toi the bad old days.

    Had a little incident here yesterday, which shows that Zelensky has lost it completely in fighting corruption. As everyone knows Ukraine, the police until Poroshenko got elected used to take bribes for anything, usual targets were motorists. Anyway yesterday we loaded up a few trees on our land to be sent to the sawmill. The police happened to be passing by, and said it was illegal what we were doing, although it was our land, and we had permission off the council to remove the trees. The police were not interested, they were after a kickback. Luckily my wife’s cousin was with us, and his good friend is the local police chief, a good cop too. One short phone call later, and the police left without a word.

    Liked by 3 people

    • Lucky you have connections F1!
      I remember from a friend of mine who said that the going rate was around ten grand to pay the chief for a job in the traffic cops, so lucrative were the scams they were running!
      Poro appointed an excellent Georgian woman called Eka (I forget the family name) to clean up the traffic police. Suddenly there were young, photogenic, uncorrupt cops out on the job. By all accounts Eka, a recommendation from Saakash, did a great job. She took Ukrainian citizenship and looked set for a good career. For some reason it went tits up and she went home.
      This was around the time that Poro appointed a nice looking chick who had been a major player in the Maidan to clean up the customs in Odessa. That also went down due to local mafia pressure. Again, I forgot her name. She was clearly very capable and a lucid speaker. I wonder what happened to her?

      Liked by 3 people

      • I belive her name was Yulia Marushevska, she was working for Saakasvili, I didn’t envy her trying to clean up Odesa. It’s a cesspool run by Russian lovers, and needs a thorough cleansing.

        Liked by 3 people

        • I just looked her up. She has an excellent and detailed wiki page that unfortunately stops in 2016. Then I found her FB page and it would appear that she went to America. It says she studied at Harvard and Stanford, so maybe she’s biding her time, building a US network and getting ready to return to politics. Hope so anyway.

          Liked by 3 people

  • onlyfactsplease

    When you are unwilling and/or incapable of fighting corruption and oligarchs, investors will not bring their money into the country. It’s that simple. And, this means the entire country and not only the eastern part.

    Liked by 3 people

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