Ukraine's Zelenskiy 'rings' NYSE bell, seeks $400 bln in foreign investment

* Zelenskiy opens New York market after meeting JPM, Pfizer

* Ukraine seeks $400 billion for 500 projects

* 'Advantage Ukraine' focuses on pharma, energy, military

By Andrea Shalal

KYIV/NEW YORK, Sept 6 (Reuters) - Ukraine's President Volodymyr Zelenskiy remotely rang the opening bell at the New York Stock Exchange on Tuesday as his nation appealed for billions of dollars in private investment to rebuild factories and industries destroyed by Russia.

Zelenskiy's government launched a platform of over 500 projects worth $400 billion for foreign companies and private investors to help rebuild Ukraine's economy, even as the war with Russia drags on.

Zelenskiy appeared on a video screen behind the platform overlooking the NYSE floor where the opening bell is traditionally rung. Traders applauded and whooped while a banner read: "We are free. We are strong. We are open for business."

Fresh from a roundtable with top executives from JP Morgan JPM.N , Pfizer Inc PFE.N , and other U.S. companies, Zelenskiy said in English that Ukraine was already rebuilding its economy, more than six months since the Russian invasion began.

"Ukraine is the story of a future victory and a chance for you to invest now in projects worth hundreds of billions of dollars to share the victory with us," he said.

Ukraine is also appealing for some $5 billion in international aid each month to keep its economy running, in addition to military aid from NATO alliance members.

The United States and allies in Europe and Asia have already sent billions in humanitarian aid, weapons and other security spending, and officials are watching closely for any signs domestic political support could be flagging.

Just over half of Americans said the United States should support Ukraine until Russia withdraws, a recent Reuters/Ipsos poll showed.


"Advantage Ukraine," the investment push, focuses on 10 key sectors, including the military-industrial complex, energy, pharmaceuticals, metallurgy, woodworking, and logistics.

"It is necessary to invest in Ukraine now, and not wait for the end of the war," Economy Minister Yulia Svyrydenko said in a statement.

Advertising group WPP WPP.L is leading the marketing campaign for the initiative.

Svyrydenko told Reuters last month that Ukraine's economy should stabilise over the coming year and expand by as much as 15.5% in 2023, after a likely contraction of 30-35% this year.

On Tuesday, she said Ukraine was keen to bring back foreign direct investment, which she said had reached $6.7 billion before the war. "The Russian invasion adjusted our short-term plans, but did not force us to abandon our strategic goals," she said.

Concerns about corruption had tempered foreign investor interest in Ukraine before the invasion.

The economy ministry is also providing grants to existing businesses, and has relocated 700 businesses from the frontlines of the conflict.

Just over half of Americans say US should support Ukraine until
Russia withdraws

Germany's Scholz pledges to support Ukraine for 'as long as it takes'

Reporting by Andrea Shalal, additional reporting by Conor Humphries in Dublin, writing by Karin Strohecker Editing by Heather Timmons, Andrew Cawthorne and Rosalba O'Brien

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。