Ukraine Facility provides for the implementation of reforms that will lay the foundation for further economic recovery and development as well as Ukraine’s integration into the EU. The reforms in the Ukraine Facility Plan are divided into 3 main blocks: basic reforms, economic reforms, and key sectors.
The plan also has 3 cross-cutting areas, with specific measures in all chapters. These are green transition, digital transformation, and European integration.
Sectoral development within the Ukraine Facility framework aims to focus resources and efforts on key sectors of both national importance and global potential. Their growth will ensure the comprehensive development of the economy and activate related industries.
Critical Raw Materials are among the priority sectors.
Ukraine has reserves of 22 out of 34 minerals that are considered critical for the EU. Our goal is not to supply raw materials, but to produce final, technological and more expensive products.
- Extraction and processing development
- Transparent, fast and efficient investments
- Environmental, social and governance (ESG) reporting
Effect: ensuring sustainable development of the critical materials and raw materials sector, increasing its contribution to the national economy, creating new jobs, and strengthening Ukraine’s position in the global market for critical materials and value-added products.
Green Transition and Environmental Protection is also a separate element of sectoral development.
Achieving the climate neutrality goals is a chance to modernize the Ukrainian economy, increase its resource intensity and competitiveness. It entails significant investments in the energy sector, green steel, agriculture and other areas. By implementing these reforms, Ukraine can become a European leader in decarbonization.
- Combating industrial pollution
- A course towards climate neutrality
- Emission allowance market
- Combating illegal logging
- Waste recycling and moving away from the resource-based economy
Effect: improved protection of public health, increased innovation potential of the economy.