In Riga, in the presence of President of Ukraine Volodymyr Zelenskyy and Prime Minister of Latvia Evika Siliņa, the Agreement between the Cabinet of Ministers of Ukraine and the Government of the Republic of Latvia on technical and financial cooperation was signed.
The conclusion of the Agreement will enable the creation of an organizational and legal framework for Ukrainian-Latvian cooperation in the use of international technical assistance. The document will also facilitate the implementation of assistance projects for Ukraine on the part of Latvia to supply equipment and materials for reconstruction, transfer modern technologies to Ukraine, and implement priority reforms in the field of European integration.
The Agreement will increase the Republic of Latvia's involvement in Ukraine's reconstruction process. For this purpose, the draft state budget of Latvia for 2024 provides €5 million. In particular, €2 million will be used through the Ministry of Economics of Latvia to purchase equipment and materials for reconstruction projects in Chernihiv region; €3 million will be used through the Ministry of Foreign Affairs of Latvia for social infrastructure reconstruction projects in Chernihiv region.
In addition, a Memorandum of Understanding was signed between the Ministry of Strategic Industries of Ukraine and the Federation of Security and Defense Industries of the Republic of Latvia on cooperation in the field of defense and security.
The Memorandum aims to promote cooperation in the defense and security sectors. It envisages support for the implementation of joint projects in the field of DefenceTech, including projects for the development and manufacture of drones, electronic warfare, land and sea demining, and other defense products. Cooperation will also cover cybersecurity, communications, and integrated solutions.
