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Latvia plans to allocate 6 million euros for infrastructure development in Ukraine

Latvia plans to allocate 6 million euros for infrastructure development in Ukraine Illustrative photo (GettyImages)

In 2024, Latvia will allocate 6 million euros to support the development of infrastructure in Ukraine. It is expected that a similar level of support will be earmarked for 2025, according to the Government portal.

At a meeting between representatives of the Ministry of Community Development of Ukraine and the Latvian delegation led by Minister of Economy of Latvia, Viktors Valainis, the parties discussed the development of logistical chains, the creation of favorable financial and economic conditions, and the stimulation of economic cooperation between the countries.

Latvia is interested in strengthening economic ties, particularly in matters related to replacing agricultural exports from Russia and developing export routes, according to government officials.

It is envisaged that a proposal for a combined logistics solution, including ground and sea transport, will be formulated for Ukrainian exporters and their Latvian partners.

The parties also discussed expanding cooperation in the railway transport sector and utilizing the Queue service.

Representatives of the Latvian delegation assured their readiness for the Latvian airline airBaltic to start operations in Ukraine as soon as air connections are restored.

According to data from the Telegram channel UA War Infographics, the monetary equivalent of losses from damage and destruction of infrastructure and buildings in Ukraine amounts to 153 billion dollars.

On May 9, the Verkhovna Rada dismissed Oleksander Kubrakov from the position of Minister of Community Development, Territories, and Infrastructure. Members of parliament explained the decision in the accompanying statement to the relevant project as a failure in regional policy.