Ukraine expects to secure almost US$7bil from West to rebuild FMTNews FMTWorld
Prime Minister Denys Shmyhal said he expects to secure more resources to finance Ukraine’s rapid recovery.
Ukrainian prime minister Denys Shmyhal put the price tag for funds needed at more than US$6 billion over the next 12 months, then later said on his Telegram messaging channel he expected to secure almost US$7 billion.While expressing thanks for the support so far, Ukrainian president Volodymyr Zelensky was blunt – Kyiv also needed concrete commitments to projects that will help Ukraine not only recover but to further modernise.
“Together with our allies we will maintain our support for Ukraine’s defence and for the counter-offensive, and we’ll stand with Ukraine for as long as it takes as they continue to win this war,” Sunak told the conference, which brought together more than 1,000 public and private sector decision makers.
European Commission president Ursula von der Leyen said the EU would provide Ukraine with €50 billion for 2024-27, while US secretary of state Antony Blinken offered US$1.3 billion in additional aid. Ukraine is seeking up to US$40 billion to fund the first part of a “Green Marshall Plan” to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said before the conference.
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