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Ukraine pursues $400bn investment drive despite conflict raging on

Ministers seek to tackle western fears over regulation and judicial system as they point to potential of key sectors

Ukraine has launched a drive to attract foreign investment of up to $400bn in projects across the economy even though it is facing a protracted war with Russia and a slump in output.

The government in Kyiv has identified hundreds of initiatives in technology, the agro-industry, clean energy, defence, metallurgy and natural resources where it hopes to entice international investors backed up by loan guarantees and insurance from western donors.

President Volodymyr Zelenskyy described the investment potential in his country as “the greatest opportunity in Europe since world war two”.

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