Ukraine needs $750 bln for recovering from war

Ukraine’s prime minister stated on Monday that the country needed $750 billion for a three-stage rebuilding plan in the aftermath of Russia’s invasion.

Denys Shmygal also stated at the Switzerland-hosted Ukraine Recovery Conference that the invasion by Russia had directly cost the Ukrainian economy more than $100 billion.

He said that the direct infrastructure damages to Ukraine currently total more than $100 billion. “Who will pay for the renewal plan, which has a $750 billion estimated cost?”

Shmygal said, “According to the Ukrainian government, assets seized from Russian billionaires should serve as a major source of money for the rehabilitation plan.”

According to him, the country’s recovery plan is divided into three phases: a first phase that is ongoing and focuses on fixing issues that are important for people’s daily lives, such as water supply, a second phase known as “fast recovery,” which will begin as soon as fighting is over and includes projects for temporary housing, hospitals, and schools, and a third phase that aims to transform the nation over a longer period of time.

Latest articles

Australia: 1 woman dies every 10 days by current/former partner

On the International day for Elimination of Violence as against Women (IDEVAW), various ministers from Australia raised their voices against the ongoing violence against...

Australia, Sri Lanka to build policy frameworks in KLIE program

The Knowledge and Linkages for an Inclusive Economy (KLIE) Grant Program will help in collaborating organizations of Australia and Sri Lanka and will help...

Canada saw 264% hike in abortion-related calls after Government improved facilities

After the Canadian Government increased the funding to improve abortion-related facilities in the country, Action Canada saw a whooping hike of 264% in calls...

US committed in Israel’s security: Dr Colin Kahl

Dr. Colin Kahl, the Under Secretary of United States Defense for Policy, met with Benjamin "Benny" Gantz, the Israeli Defense Minister, recently to reaffirm...

Related articles