KYIV - Ukraine's Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba thinks foreign direct investment is the best form of economic aid for his country and is grateful to all proponents of a large-scale financial aid, known as the "Marshall Plan for Ukraine," and for all aid provided since 2014.
"I am deeply convinced that direct foreign investment is the best Marshall Plan for Ukraine. But I am also grateful to those colleagues from certain European Union countries who devised and are advancing this plan. The EU itself does not seem to be ready yet to make this history, but work on this project continues, so let's see how it will end," Kuleba said in an interview with Interfax.
At the same time, Ukraine is very grateful for all EU support provided since 2014, he said.
"It is simply that no one has yet come up with a beautiful name for that volume of aid. Everyone heard about the Marshall Plan, though few are aware about its essence. But here, the story is the reverse: a huge pile of aid was provided but there is no beautiful name to entrench it in human memory. So, let's put it this way: the 'Europlan' for Ukraine effective since 2014 has proved quite effective," Kuleba said.
EU members are still deciding whether Ukraine needs an additional "Marshal Plan" besides this Europlan, he said. "But I see no indication yet of the EU having any thoughts about the need to scale down aid or that Ukraine has become less important," Kuleba said.
On November 6, 2017, the ambassadors of the EU, the United States, Canada and Japan in Vilnius were shown a new European Plan for Ukraine for 2018-2020 and the following decade, involving annual payouts of $5 billion.
The plan was proposed in a European People's Party resolution of March 30, 2017, urging EU countries to support Ukraine in the military, humanitarian and economic spheres, advancing democratic reforms and facilitating the country's European and Euro-Atlantic integration.