Switzerland is exploring a non-binding partnership with the European Union to participate in EU arms procurement projects. This move aims to bolster Swiss defense capabilities while maintaining its neutrality. The Swiss government believes such partnerships are crucial for non-EU countries to engage in EU defense cooperation.
On January 23, 2025, Switzerland and Ukraine signed a Memorandum of Understanding (MoU) at the World Economic Forum in Davos. This agreement aims to involve the Swiss private sector in Ukraine's recovery and reconstruction efforts. The MoU provides a framework for collaboration between the State Secretariat for Economic Affairs (SECO) and the Ministry of Economy of Ukraine.
Switzerland has doubled its funding for Ukraine's reconstruction projects, increasing the total from CHF 50 million to CHF 100 million. A 2025-2028 country program supports Ukraine's reconstruction, reform, and sustainable development. Switzerland has allocated CHF 1.5 billion from its international cooperation budget up to 2028, with plans to allocate CHF 5 billion by 2036.