Zelensky says Ukraine needs 750 billion to rebuild the country
Ukraine’s President Zelensky described the massive destruction and huge needs since Russia launched its full-scale offensive on February 24.
Ukraine told an international conference on Monday that rebuilding the war-torn country would cost an estimated $750 billion, an act President Volodymyr Zelensky said was a shared duty of the democratic world.
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Speaking at the Ukraine Recovery Conference in Switzerland, a long line of ministers from the Ukrainian president and government described the massive destruction and huge needs since Russia launched a full-scale invasion on February 24.
“The rebuilding of Ukraine is not a local task of any one nation,” Zelesky said via video message.
“It is a common act of the entire democratic world,” he stressed, adding that “the reconstruction of Ukraine is the greatest contribution to support for global peace”.
Prime Minister Denis Shyamal told the conference that the recovery “is already estimated at $750 billion”.
“We believe that the major source of recovery should be the confiscated assets of Russia and the Russian oligarchs,” he said, “that the Russian authorities started this bloody war. They caused this great destruction, and they are to be held responsible for it.” should” .
– ‘Investing in Ukraine’ –
The two-day conference, held amid tight security in the picturesque southern Swiss city of Lugano, was planned well in advance of the invasion, and was originally set to discuss reforms in Ukraine before focusing on reconstruction. it was done.
Schmihal designed the government’s phased reconstruction plan, first focused on the immediate needs of those affected by the war, followed by funding thousands of long-term reconstruction projects aimed at making Ukraine European, green and digitized.
First Lady Olena Zelenska, along with several other ministers, spoke at various sessions to describe the situation in the country, and her vision for a new Ukraine as well as meeting the needs of large-scale reconstruction. .
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Wearing a tight black T-shirt, Deputy Prime Minister Mykhailo Fedorov, who is in charge of digital transformation, made a presentation reminiscent of the late Apple founder Steve Jobs, describing how the country could become a fully digital democracy. Is.
Energy Minister Germán Galushchenko meanwhile envisioned a rapid green transition, and said Ukraine wanted to increase its export capacity to help counter the effects of a reduction in European access to Russian energy.
Appealing to potential investors, he stressed that the government now has the “possibility to make a very quick decision on anything you need … invest in Ukraine.”
As billions of dollars in aid flow to Ukraine, concerns about widespread corruption in the country mean far-reaching reforms will remain in focus and a prerequisite for any recovery plan.
Zelensky’s Swiss counterpart and the conference’s co-host, Ignazio Cassis, insisted that reform remained front and center, with the aim of the meeting laying “the groundwork for an effective and transparent political process”.
He said it should go through “regulated governance principles” as well as clearly defined criteria for handling aid, and shared roles between Ukraine, states, the international community, civil society and private partners.
Ukrainians have proposed that allied countries “adopt” specific areas of Ukraine, and lead the recovery there to make it more efficient.
Britain, for example, has proposed fighting the Kyiv region, while a diplomatic source said France would focus on the highly-affected Chernihiv region.
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– win peace –
Altogether, about 1,000 people are attending the conference, including European Commission President Ursula von der Leyen, who, after stressing the importance of rebuilding Ukraine before the war, became an enthusiastic “Slavic Ukrainian” (Glory to Ukraine). ) was thrown out.
“Ukraine will emerge from this towards a stronger and more modern country, with a modern judiciary, with stronger institutions, with a solid track-record in fighting against corruption, but also with a greener, more digital and more resilient economy. could.” She said.
While the EU is intent on helping Ukraine win the war, it said, “we must also ensure that Ukraine wins the peace that will surely come”.
Lugano is not a pledged convention, but will instead attempt to set the principles and priorities for the rebuilding process to begin even when war breaks out.
It will end with the Lugano Declaration on Tuesday, which Cassis said would describe the “framework for a long-term rebuilding process”.
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Zelensky says Ukraine needs 750 billion to rebuild the country
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(Except for the headline, this story has not been edited by News East India staff and is published from a syndicated feed.)
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