Switzerland to allocate $1.65 billion for Ukraine’s reconstruction

Switzerland has committed to a substantial financial package to support Ukraine's reconstruction, pledging 1.5 billion Swiss francs ($1.65 billion) to aid the country’s recovery from 2025 to 2028.

The Swiss Federal Council approved this funding as part of a long-term strategic program aimed at rebuilding Ukraine’s economy and infrastructure, as well as providing crucial social services, Caliber.Az reports.

The Swiss government’s support, set to be disbursed over the next four years, is part of the first phase of a broader strategy extending through to 2036. In the initial phase, funds will primarily target three key areas: economic reconstruction, the provision of social services, and the protection of civilians, with a focus on maintaining peace and stability. The Swiss Ambassador for Ukraine, Jacques Gerber, has been appointed to oversee the implementation of this program.

The funds will be provided through international cooperation loans, as outlined in the Swiss government’s official program. 

While Switzerland’s actions have been seen as a vital contribution to Ukraine’s recovery, its growing involvement in the crisis has led to increased tensions with Russia. Following the outbreak of the war in Ukraine, Russia added Switzerland to its list of "unfriendly countries" and criticized the country’s role in organizing a summit on peaceful conflict resolution without Russian participation.

In addition to the reconstruction funding, Switzerland has also expressed readiness to play a role in diplomatic efforts, including facilitating a potential meeting between Russian President Vladimir Putin and U.S. President Donald Trump.

By Vugar Khalilov