The Swiss Parliament has narrowly approved a measure that would allow the use of frozen Russian assets held in the country to help fund the reconstruction of Ukraine, the AFP news agency has reported.
The Council of States, the upper house of Switzerland's parliament, voted 21 to 19 in favor of the measure, with three abstentions, according to the report. The lower house approved the measure last year. The vote allows the federal government to now seek legal means to transfer the funds.
Ukraine’s reconstruction is often discussed as a vast undertaking that will take off when the war ends. But for Sweco, the international engineering consultancy, Ukraine is already one of its largest markets. Ukraine is now among Sweco International’s four largest markets by revenue and ranks higher still by
Foreign investors could save time and possibly money by preparing factories, warehouses and other developments in Ukraine during the war, then building when security improves, according to Dmytro Omelchuk, Ukraine director of international engineering consultancy Delta. “Right now, for foreign investors, this is a good time to secure the deal,
