Oleksii Semeniuk in Gdańsk: the capital market should become one of the main sources of Ukraine’s reconstruction

Oleksii Semeniuk, Chairman of the National Securities and Stock Market Commission, participated in an official event at the Ukraine Recovery Conference 2026 in Gdańsk — a panel discussion titled “From Recovery to Resilience: Strengthening Financial Regulation and Market Development”. The event focused on the role of the financial sector in Ukraine’s reconstruction and its integration into the European economic space.

During the discussion, representatives of international financial institutions, government agencies, and regulatory bodies discussed how the development of financial markets, up-to-date regulation, and international cooperation can help Ukraine transition from the recovery phase to long-term economic growth.

In his speech, Oleksii Semeniuk emphasized that postwar reconstruction will require significantly broader sources of funding than the state budget or international aid. That is why one of the key tasks today is to create a fully-fledged capital market capable of attracting private investment into Ukraine’s economy.

“After the war, Ukraine will need hundreds of billions of dollars to rebuild its infrastructure, businesses, and communities. No country has ever gone down this path relying solely on its budget. That is precisely why we need a modern capital market, which will serve as a mechanism for attracting long-term investment into the country’s reconstruction.”

The Chairman of the NSSMC presented to international partners the key reforms already being implemented to build a modern financial infrastructure. Among the priorities are harmonizing Ukrainian legislation with European Union law, developing collective investment institutions, launching a virtual asset market that is in line with European standards, improving mechanisms for attracting investment, and strengthening investor protection.

During the discussion, special attention was paid to issues of regulatory capacity and international cooperation. According to Oleksii Semeniuk, the support of European partners allows Ukraine not only to adopt best practices, but also to effectively build a new-generation capital market.

“We are moving much faster than the traditional path of reform would allow. Ukraine has the opportunity to immediately implement the most modern European approaches to regulation, digitalization, and investor protection. Our goal is to create a transparent and attractive Ukrainian capital market for both Ukrainian and international investors.”

The panelists also discussed the development of digital finance, financial innovation, the implementation of technological solutions in regulatory activities, and strengthening cooperation between Ukrainian and European institutions.

The NSSMC’s participation in the Ukraine Recovery Conference 2026 provided yet another opportunity to present to international partners Ukraine’s progress in reforming the financial sector and its vision for the future of the Ukrainian capital market — one that is open, competitive, and integrated into the European financial area.

The event was organized within the framework of the Accelerating Regulatory & Financial Innovation in Ukraine (ARFIU) program, implemented by Financial Innovation for Impact (FII) with the support of the Swiss State Secretariat for Economic Affairs (SECO) and the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO). The program is aimed at strengthening the institutional capacity of financial regulators of Ukraine, developing financial markets, implementing innovative approaches to regulation and supervision, as well as supporting the integration of Ukraine’s financial sector with European standards.