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Dutch companies must help Ukraine through the winter: millions in extra government subsidies

Dutch companies must help Ukraine through the winter: millions in extra government subsidies

The Dutch government is providing 191 million euros in subsidies to help Dutch companies support Ukraine's energy infrastructure and facilitate business reconstruction. Minister Sjoerd Sjoerdsma announced the funding during a visit to Kyiv, highlighting that Dutch businesses will be incentivized to assist with essential repairs and long-term recovery projects.

The Dutch government has announced 191 million euros in new subsidies to support Ukraine and Dutch businesses operating there. Minister Sjoerd Sjoerdsma detailed that 55 million euros is earmarked to assist Dutch energy companies in repairing critical infrastructure like pipelines and power stations damaged by Russian strikes, while 136 million euros will support commercial trade. This initiative is part of an existing 1.2 billion euro non-military aid package aimed at recovery, water management, and energy supplies.

During a visit to Kyiv, Sjoerdsma and VNO-NCW chairman Coen van Oostrom emphasized the need for Dutch expertise in areas such as construction and sustainable energy. Despite security risks and current travel restrictions, there is a strong push to involve Dutch firms in the long-term reconstruction efforts. The government is expanding export credit insurance to help manage financial risks, as officials hope to ensure that companies from countries supporting Ukraine are well-positioned to contribute to the nation's future development.

Based on reporting by ad. Translated and condensed by LocalHeadlines.

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