Zelenskyy holds meeting with top managers of JP Morgan
Volodymyr Zelenskyy has met with the top management team of the world's largest investment bank, JP Morgan, and took part in one of the largest investment summits, which included 200 of the largest corporations, investors, and financial companies.
Source: press service of the Office of the President.
During the meeting, the parties discussed the creation of a platform for attracting private capital to reconstruction of Ukraine and promising areas for implementing major investment projects.
According to the president, the IT sector is a priority for further development of Ukraine, as it plays an extremely important role during the war.
He also stressed that Ukraine can make an even more significant contribution to the cyber and food security of the world.
"The head of state noted that the current war has demonstrated certain weaknesses both in Ukraine and in other states.
In particular, in connection with the Russian attacks on the Ukrainian energy sector, our country understands that we need to diversify electricity supply and develop renewable energy.
And already during the war, Ukraine began to decentralise power [facilities] and invited foreign investors to cooperate," the report says.
James Dimon, Chairman & CEO of JPMorgan Chase, noted that the bank will make efforts to increase assistance to Ukraine. he also added that all JPMorgan Chase resources are available to Ukraine, as it paves its post-conflict path to growth.
In addition, the parties noted the importance of the memorandum of Understanding signed on 9 February between the Ministry of Economy of Ukraine and JP Morgan to provide advice to the Ukrainian government on financial stabilisation, obtaining sovereign credit ratings, managing state liquidity assets, digitalisation of the economy, and identifying opportunities for establishing a close economic link with Europe.
Recall: Naftogaz of Ukraine [the country's leading oil and gas production and distribution company – ed.] suggested that American banking holding company JP Morgan collaborate to implement projects to increase production and more efficient transportation and storage of hydrocarbons, as well as in the field of renewable energy.
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