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The London Stock Exchange welcomes First Deputy Prime Minister of Ukraine and the UK's Chancellor of the Exchequer to open the Market

The London Stock Exchange welcomes the First Deputy Prime Minister of Ukraine Yulia Svyrydenko and Chancellor of the Exchequer, Rt. Hon. Jeremy Hunt MP, ahead of the Ukraine Recovery Conference (URC23) held jointly by the UK and Ukraine in London on 21-22 June. URC23 convenes international political and business leadership to align efforts in helping Ukraine achieve its immediate recovery needs and longer-term economic transformation. The event will focus on private investment, reform, as well as the necessary infrastructure to attract capital at scale in support of Ukraine’s resolve to rebuild as a stable, innovative, sustainable and resilient economy. 
 
Today’s Market Open ceremony is a symbol of Ukraine’s readiness to attract international capital to support its recovery and growth. It signals the role that the UK capital markets ecosystem can play in making this happen: through its deep and liquid capital markets underpinned by global investors, as well as world-leading insurance and finance industries.
 
Over the past year, jointly with the Foreign, Commonwealth & Development Office and British International Investment, we launched the Private Finance Partnership taskforce in order to supplement direct government funding in support of Ukraine. The roundtable meetings brought together leading asset managers, insurance companies, development finance institutions, investment banks, consulting firms and finance sector professional bodies. The purpose of the Private Finance Partnership is to tap into all corners of this UK ecosystem and to start shaping market-based solutions and instruments. 

Julia Hoggett, CEO, London Stock Exchange plc, said:

“The London Stock Exchange has always been the world’s most international exchange. Our role is to convene companies and institutions across the world with long-term efficient capital and investors who understand and embrace the risks and opportunities of international companies, and can help drive the value of the companies they invest in. Our capital raising platforms across equities, debt and investment funds are ready to support Ukraine’s enterprises in rebuilding and leading the nation’s recovery.”

Chancellor Jeremy Hunt said:

 “British firms are backing Ukraine’s recovery and more investment from the City of London will help fuel the crucial repair of essential public services and transport links wantonly destroyed by Putin’s forces.
 “We are steadfast in our support of the Ukrainian people as they persevere against Putin and are equally committed to helping this heroic country recover from the brutality it is enduring.”

The UK is proud to stand with Ukraine as it builds towards its economic future.

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