All investments must stay in Ukraine and multiply to grow the country’s economy: Ruslan Shostak at Business Wisdom Summit

15.04.2025

Ruslan Shostak, President of TERWIN Corporation, spoke at the Business Wisdom Summit, where he shared his vision for increasing Ukraine’s GDP through global investment projects. He announced the launch of the "Building Ukrainian" platform aimed at engaging domestic manufacturers in the implementation of the WINHUB logistics project.

Shostak unveiled the "Building Ukrainian" platform during a panel discussion at the summit with Danylo Hetmantsev, Head of the Verkhovna Rada Committee on Finance, Tax, and Customs Policy, and Ukrainian businessmen Roman Levchenko, Mykhailo Shtompel, Yevhen Kulykov, and Ihor Liski. In his address, Shostak emphasized that all investments must remain in Ukraine, multiply, and be transformed into large-scale projects that develop the country’s economy.

According to Ruslan Shostak, infrastructure development and global construction initiatives often act as key drivers of economic growth. For example, Dubai transformed from a desert into a global hub for business, finance, and tourism, with infrastructure investments exceeding $500 billion. Tourism and investments helped increase the UAE’s GDP fivefold in ten years, reaching $501 billion by 2023. In the U.S., the launch of the Interstate Highway System in the 1930s–50s became a national growth point, attracting over $500 billion (in today’s equivalent) in investment and creating 13 million jobs. In 1956 alone, infrastructure investments contributed to a 4.1% increase in U.S. GDP. In China, the High-Speed Rail (HSR) development project has added approximately 0.5% annually to GDP since 2008. In 2019 alone, HSR created more than 1.7 million new jobs. Fast transportation improved regional integration, boosted domestic trade, and supported the development of local businesses.

"A country’s economic prosperity directly depends on the scale of its national projects. Every $1 billion of investment can increase GDP by 0.5% to 1%, depending on the multiplier. Logistics investments have a particularly high multiplier effect. WINHUB could trigger a powerful economic wave in Ukraine. Every invested hryvnia generates almost seven hryvnias of total economic impact. Additionally, the project will create around 20,000 new jobs—both during construction and permanently in logistics, maintenance, and related industries. Large infrastructure projects don’t just inject capital into the economy—they set off multi-level chains of change. As the owner and operator of one of the largest investment projects in Ukraine, we need to generate this multiplier effect. That’s why we prioritize Ukrainian contractors. We’ve created a special application form for any Ukrainian company that meets international standards to apply for participation in the project. This way, we aim to create growth opportunities for Ukrainian businesses," said Ruslan Shostak, President of TERWIN Corporation.

A similar multiplier effect, Shostak noted, can also be achieved in the defense sector today: weapons and spare parts manufacturing create additional economic opportunities. Money flows in, adjacent industries emerge, and this helps stimulate the domestic market.