Development of Extractive Industries in Ukraine

April 22, 2021, marked an unprecedented online discussion of 2021 development opportunities for Ukraine’s extractive industries sector between UkraineInvest, State Geologic and Subsoil Survey of Ukraine and State Property Fund of Ukraine and mining business representatives and investors.

The discussion was opened by Zenon Potoczny, President, Canada-Ukraine Chamber of Commerce (CUCC) and Morgan Williams, President/CEO, U.S.-Ukraine Business Council (USUBC) and moderated by Morgan Williams and Emma Turos, Managing Director for Ukraine, CUCC.

The event was attended by over 300 participants representing the North American and global investment community.

Sergiy Tsivkach, UkraineInvest’s Executive Director, made a presentation on the role and activities of UkraineInvest as an investment promotion agency and the institution designated to provide support for investment in Ukraine, as well as on investment climate improvements, recent regulatory developments, and work in the regions in various fields.

Roman Opimakh, Director General of the State Geological and Subsoil Survey of Ukraine presented investment opportunities in the subsoil sector of Ukraine and Taras Yeleyko, Deputy Head of the State Property Fund of Ukraine, made the presentation on state property privatization objects in Ukraine’s extractive industries sector.

The presentations were followed by a lively and candid discussion with the participation of three companies who already invested in operations in Ukraine and are at various stages of their projects. The business community noted the progress which Ukraine has made recently in oil & gas upstream, mining and other areas and confirmed interest in further exploring investment opportunities which Ukraine has to offer.

The top management of the state agencies and the business community agreed to continue discussion of and cooperation in resolving various issues which are important for international and domestic businesses alike to further improve Ukraine’s attractiveness for investment.

The recording of the event is available at USUBC’s YouTube channel: https://www.youtube.com/watch?v=Pv2fd5fvFKg