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Ukraine's economy must be restored and made better - Nausėda at Three Seas Summit

Ukraine's economy must be restored and made better - Nausėda at Three Seas Summit President of Lithuania Gitanas Nausėda (Getty Images)
Author: Maria Kholina

The West needs to talk not only about restoring Ukraine's war-torn economy, but also about making it better, according to Lithuanian President Gitanas Nausėda.

"Assisting in the recovery and restructuring of Ukraine's economy is paramount. It's crucial not just to restore but to make it better," he said.

Nausėda underscored the vast opportunities for countries in the region, citing their long-standing political and economic ties with Ukraine and their extensive experience in the Ukrainian market.

For Lithuania's current leadership in the Three Seas Initiative, Nauseda highlighted the importance of aiding Ukraine and Moldova in their efforts toward EU accession.

Lithuania's ongoing support for Ukraine

Since the onset of Russia's full-scale aggression, Lithuania has proven itself as one of Ukraine's most steadfast allies, providing military assistance to the country's armed forces and staunchly supporting Ukraine's membership in the European Union and NATO.

In January, Lithuania approved a €200 million long-term aid package for Ukraine, as announced by President Gitanas Nausėda during his visit to Kyiv.

Moreover, in early April, Lithuania revealed plans to procure nearly 3,000 FPV drones for the Ukrainian army, allocating €2 million from its budget for this purpose.

Prior to this, Lithuania's Minister of National Defense, Laurynas Kasciunas, visited Kyiv and met with President Zelenskyy.

Additionally, Lithuania pledged support for Ukraine in revitalizing its energy infrastructure.

On April 11, Lithuania delivered a new batch of military assistance to Ukraine, further solidifying its commitment to standing by Ukraine's side.