effort needed to rebuild Ukraine – Wel.nl
BRUSSELS (Reuters) – Ukraine’s reconstruction will require a “significant international financial effort”, the European Commission says. Because the war damage is and what Ukraine will need. But this already requires the creation of an international platform, led by the government of Ukraine and the commission, in collaboration with major countries such as the United States and major financial institutions.
“The devastation that has arisen in Ukraine has never been carried out in post-war Europe,” said Economics Commissioner Paolo Gentiloni. “We must prepare the way for Ukraine’s resurrection, just as our unit emerged from the rubble of 1945.” Experts estimate that war damage in Ukraine is now in the trillions.
The Ukrainian Reconstruction Platform, where the Parliament of Ukraine and the European Parliament should start as observers, is to become an overarching strategic governance body. Determining priority projects for the reconstruction of Ukraine and coordinating grants and loans from abroad It also monitors the implementation of the plans, paying special attention to climate and environment, anchored in European values and fully in the world economy. The EU provides supporting and technical support in this regard.
The commission will form a special pot of grants and loans earmarked for Ukraine, but the commission also expects to need new funding sources.