You're reading: Poroshenko, Swiss president agree on provision of $200 million to replenish Ukraine’s forex reserves

President of Ukraine Petro Poroshenko has had a meeting with President of Switzerland Johann Schneider-Ammann, during which they agreed on the provision of $200 million in additional assistance to replenish Ukraine's foreign exchange reserves.

“The president of Ukraine thanked the Swiss government and people for the humanitarian and financial assistance in the amount of approximately $350 million,” the Ukrainian president’s press service said.

The two officials also discussed the ways to intensify the Ukrainian-Swiss trade, economic and investment cooperation. With this in view, they agreed to hold a meeting of the Ukrainian-Swiss joint committee on trade and economic cooperation in 2016 after a four-year break, and to prepare respective bilateral documents and presentations of potential investment projects.

Poroshenko invited Schneider-Ammann to make an official visit to Ukraine.