THE war in Ukraine continues to be ongoing with the latest reports noting that the hostilities will not stop soon, while the cost reconstruction of the country so far is estimated at 750 billion dollars.
As reported by Agence France-Presse, the Ukrainian Prime Minister, Dennis Smigalsaid that the cost of rebuilding his country could reach 750 billion dollars and suggested that wealthy Russians help cover the costs.
“We believe that the main img of recovery should be the seized assets of Russia and Russian oligarchs,” he told a conference in the Swiss city of Lugano, referring to estimates that frozen Russian assets are worth $300 billion to $500 billion.
“The Russian authorities launched this bloody war. They caused this mass destruction and must be held accountable for it“, he said.
Also speaking at the Ukraine Recovery Conference, European Commission President Ursula von der Leyen stressed that the European Union will establish a central platform to coordinate reconstruction efforts and also help strengthen Ukraine’s status as a candidate country in the EU.
“Since the beginning of the war, the European Union has mobilized around 6.2 billion euros in financial support,” von der Leyen said. “And… more to come. We will be substantially involved in the medium and long-term reconstruction.”
Source: News Beast
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