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5.3​ FDI
Reversing five years of modest foreign direct investment inflows, Ukraine recorded a net outflow of $1.5bn in foreign investment ​during the first five months of this year. Last year, Ukraine attracted $1.9bn in foreign direct investment, reports the State Statistics Service. About one quarter of the 2019 ‘foreign’ investment came from Cyprus, presumably Ukrainian and Russian money.
France is implementing projects in Ukraine that total €1.5bn, ​French Ambassador Etienne de Poncins told reporters yesterday in a tradition press conference in advance of July 14, the French National Day. Most projects come with supplier credits and other kinds of ‘soft’ loans prepared by France’s Finance Ministry.
39​ UKRAINE Country Report​ August 2020 ​ ​www.intellinews.com