Shmyhal says $565B needed to rebuild war-torn Ukraine

Shmyhal says $565B needed to rebuild war-torn Ukraine

According to preliminary estimates, $565 billion is needed to rebuild Ukraine after the war with Russia, Ukrainian Prime Minister Denys Shmyhal has said.

He said this after a meeting with Prime Ministers Mateusz Morawiecki of Poland, Petr Fiala of the Czech Republic and Janez Jansa of Slovenia, and Poland's Deputy Prime Minister Jaroslaw Kaczynski, according to an Ukrinform correspondent.

"Preliminary estimates say that direct one-time losses for Ukraine are currently estimated to be worth $565 billion. In fact, these are the funds that will be needed to reconstruct our state - both at the expense of Russia and at the expense of our partners," Shmyhal said.

He stressed that the Ukrainian government will work to ensure that Russia's funds and property abroad were seized. "We believe that our partner countries will also join this large-scale plan," Shmyhal said.

At the same time, he said that a group has been set up in the government to assess the losses inflicted on the Ukrainian economy due to Russian aggression.

As was reported earlier, Morawiecki, Fiala and Jansa arrived in Ukraine on March 15. This is the first visit by international guests of this level to Kyiv since the beginning of Russia's armed aggression against Ukraine.

According to the Ministry of Economy of Ukraine, Russia caused over $119 billion worth of damage to Ukraine's infrastructure.


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