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Espreso Global news German Ambassador: $400 billion will be needed to rebuild Ukraine in next 10 years

German Ambassador: $400 billion will be needed to rebuild Ukraine in next 10 years

2 May, 2023 Tuesday

12:47

Restoring the damaged property of Ukrainians will require significant international support. Reconstruction has already begun, and Ukraine will need at least $400 billion over the next decade

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German Ambassador to Ukraine Anka Feldhusen wrote about this in an article for the Kyiv Security Forum.

"Ukrainian reconstruction has already started, and will need vast sums in international support. The Ukrainian government together with the EU and the World Bank have calculated that financial needs for reconstructing what has been lost and damaged by now will reach well over 400 billion US Dollars in the coming decade," Feldhusen wrote.

According to the official, providing housing for people who have lost everything due to Russia's terror, supporting anti-corruption reforms and decentralization will not scare off Russian aggression, but tanks will. Nevertheless, one must not be thought of without the other.

"Ukraine must not only win the war, but also win the peace that hopefully will come very soon," the ambassador said.

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