Espreso. Global

About USD 60 billion raised at Ukraine Recovery Conference in London – media

22 June, 2023 Thursday
23:06

Participants in the Ukraine Recovery Conference in London on Wednesday and Thursday pledged an additional USD 60 billion for Kyiv's recovery and reconstruction needs

client/title.list_title

This is stated in the final document of the conference, according to European Pravda.

This amount includes, among other things, up to EUR 50 billion from the European Union's multi-year fund, USD 1.3 billion pledged by the United States, and 3 billion dollars in loan guarantees from the United Kingdom.

In turn, Switzerland announced additional support in the amount of CHF 1.5 billion until 2027, and France announced another EUR 40 million of assistance for Ukraine's immediate reconstruction in 2023.

The Multi-agency Donor Coordination Platform will continue to support the alignment of donor commitments with early recovery and reform priorities, according to the statement. 

In addition, nearly 500 companies from 42 countries with a total value of assets of over USD 5.2 trillion and 21 sectors of the economy have already signed the so-called Ukrainian Business Compact, pledging to support Ukraine's recovery and reconstruction.

Companies from around the world have agreed to work with Ukraine to help realize its enormous potential in priority sectors, including energy, technology, infrastructure and finance, and to apply their expertise to the development of Ukraine's private sector. 

On June 21-22, a regular Ukraine Recovery Conference was held in London. It is a continuation of the annual Ukraine Reform Conferences that have been held since 2017.

  • The European Commission plans to provide EUR 50 billion in financial assistance to Ukraine in the form of grants and loans. The support is designed for the next 4 years

  • UK announces historic financial support package for Ukraine worth USD 3 billion

  • The United States of America will provide Ukraine with a new package of financial assistance worth $1.3 billion. The funds will be used, in particular, to restore the energy system, infrastructure, and to help enterprises

Tags:
Read also:
  • News
2024, Saturday
16 November
19:53
Exclusive
Trump won't talk about Ukraine's very sensitive issues in public - politician
19:31
Ukrainian forces destroy Russian command post in Kherson region
19:10
Exclusive
Developing nuclear weapons within two months is realistic - Ukrainian major
18:48
British company BAE Systems to open new plant to produce howitzers for Ukraine
18:29
75 clashes occur on Russian-Ukrainian front, Russia bombs Kursk region - Ukraine's General Staff
18:06
OPINION
Trump as Secretary of State, Secretary of Defense, and Intelligence Chief
17:44
Updated
Japan to assist Ukraine in countering Russia-North Korea collaboration
17:25
Exclusive
Hard times ahead: British colonel on Trump administration's potential isolationist policy
17:03
OPINION
Riots in Abkhazia: what does this mean for Ukraine?
16:42
Ukraine develops, tests four new missile types - President Zelenskyy
16:26
Russia kills 5 civilians, injures 7 more in three Ukrainian regions overnight
16:07
Estonia eyes Ukrainian weapons despite export ban, explores joint ventures
15:48
OPINION
Russian dilemma: defeat Putin or face collapse?
15:25
Ukraine ramps up missile development, production amid war with Russia
15:06
Russian gas transit via Ukraine faces shutdown amid political standoff
14:50
Exclusive
Ukraine's surrender will have catastrophic consequences: politician on Russia’s next war front
14:27
Review
Russia aims to reach Kurakhove-Zaporizhzhia route, pressures Pokrovsk: threat to Ukraine. Serhiy Zgurets' column
14:08
War should end in 2025 through diplomatic means, says Zelenskyy
13:49
Estonia to provide new aid package to Ukraine: what it includes
13:31
Returning to Normandy format is unacceptable: Boris Johnson on Scholz-Putin talks
13:14
Russia attempts to solve shortage of junior officers - Ukrainian intelligence
12:55
'Nothing to discuss from weak position': Zelenskyy names conditions for Ukraine-Russia talks
12:33
170 clashes occur at front on Nov. 15: Russian army active in Pokrovsk, Kurakhove sectors - Ukraine's General Staff
12:10
Exclusive
Russia considers Crimea's liberation: Ukraine's Navy on Russian readiness to defend peninsula
11:49
Russian forces seize Ukraine's Maksymivka, Donetsk region - DeepState
11:32
Exclusive
Russian forces push across fronts, betting on victory before collapse - Aidar Battalion former commander
11:11
UN: almost 40% of Ukraine's population needs humanitarian aid
10:53
Russia loses 1,600 soldiers, 28 artillery systems, 8 tanks in one day of war in Ukraine
10:34
Russian shelling damages high-voltage line at Zaporizhzhia nuclear plant
2024, Friday
15 November
21:20
Borrell informs EU countries of China's first weapon transfer to Russia – media
20:52
Ukrainian president Zelenskyy reacts to Scholz's call to Putin
20:30
Around 30% of Mariupol residents return to occupied territories - Ukrainian official
20:11
Ghost-X
Ukraine's army secretly using American Ghost-X drones with AI since 2022
19:50
Trump's idiocracy: we have already seen example of broken system
19:35
Spec-ops troops rescue 16 Ukrainian soldiers from encirclement in Kursk region
19:20
Russian Kalibr missiles less effective, but still a threat - Ukrainian Navy
18:59
Exclusive
South Korea’s military support for Ukraine tied to Trump’s defense policy - Defense Express
18:52
Updated
Putin, Scholz hold first talks in two years. Germany urges troops withdrawal from Ukraine
18:40
Ukraine's strategic Odesa left vulnerable amid missed defense opportunities - expert
18:20
G7+ countries acknowledge Ukraine’s advancements in energy reforms
More news