The report indicates that “the recovery needs of the destroyed assets are at least US$165.1 billion”. This evaluation “takes into account only the reconstruction of destroyed objects, technological modernization and the additional need for liquidity of commercial entities to resume their activities,” they explain.
However, the report admits that reconstruction costs do not include new standards in road construction, public facilities and modernization needs “that are not directly related to the consequences of the war.”
“The reconstruction of Ukraine is the common task of the entire democratic world” and the “greatest contribution to world peace”, said the Ukrainian president, Volodymyr Zelensky last week at the Lugano Conference before the leaders of the allied countries, more than four months after the start of the war. To date, the country’s economy has lost $600 billion, according to some estimates.
During the conference, the President of the European Commission, Ursula von der Leyen He pointed out that the reconstruction of Ukraine could strengthen the country’s institutions. “Ukraine can come out of all this on the path of a stronger and more modern country, with a stronger judiciary and institutions, with successes in the fight against corruption, but also with a greener, more digital and more resilient economy. “, said.
For the Ukrainian Prime Minister, Denys Shmyhal, the calculations for the reconstruction are well above those calculated by the KSE. The official pointed out that the value of the reconstruction of the country is estimated at US$750,000 million. And he targeted the pockets of the Russian oligarchs.
“It is estimated that the reconstruction of Ukraine is around US $ 750,000 million. We believe that the key source of recovery must be the assets seized from Russia and the Russian oligarchs,” he insisted.
From KSE they pointed out that, unlike the school’s estimate, the government’s projection “includes not only the cost of rebuilding the destroyed facilities, but also the need for fiscal support, modernization and capacity building of key economic sectors, as well as assistance to resume commercial and business activities.
world difficulties
The amount of money needed for reconstruction collides with the moment the world is going through. According to the managing director of the IMF, Kristalina Georgieva, the global economic outlook is “darkened” mainly due to the war in Ukraine and the “price shocks” that the conflict has caused.
The IMF plans “a further downgrade” to its growth projections “for both 2022 and 2023”, which it will publish at the end of the month, Georgieva said in a note prepared ahead of the meeting of finance ministers and central bank governors. of the G20 planned in Bali on Friday and Saturday.
However, hope is encouraged by the fact that at least 16 ships have already have managed to export grains despite the Russian blockade of the Black Sea ports, with which the entry of foreign currency into the Ukrainian economy could slowly be reactivated.
“In the last four days, 16 ships have passed through the mouth of the Bystre,” Deputy Infrastructure Minister Yuriy Vaskov said in a ministry statement. “We plan to maintain this pace.”
According to the ministry, all 16 vessels are now waiting to be loaded with Ukrainian grain for export to foreign markets, while more than 90 wait their turn in the Romanian Sulina canal.
US and EU support
The United States and the European Union (EU) announced on Tuesday the sending of nearly $3 billion in economic aid to Ukraine, as the Russian offensive and Ukrainian counterattacks continue in the east and occupied southern regions of the country.
The economic package for Ukraine is part of the financial promises that the Western powers made after the start of the invasion, which is approaching its five months.
For weeks, the Ukrainian army has been carrying out a counteroffensive in the south, while the bulk of the Russian troops are deployed in Donbass, the eastern mining region partially controlled by separatist sectors since 2014.
They will not cede territory
The Ukrainian Foreign Minister, Dmytro Kuleba, he excluded the ceding of territory to Russia as part of any ceasefire agreement, and stated that no peace talks are currently underway between Moscow and kyiv.
“Ukraine’s goal in this war is to liberate our territory, regain our territorial integrity and full sovereignty in eastern and southern Ukraine. This is the end point of our negotiating position”; Kuleba said.
Millions of displaced
Since the beginning of the Russian invasion on February 24, more than nine million people have crossed the Ukrainian border. This was reported by the UNHCR, the UN refugee agency, which detailed that a total of 9,136,006 border crossings were recorded since Russian troops invaded Ukraine.
Likewise, there are already 349 Ukrainian children who died in the war, according to data from the kyiv Prosecutor General’s Office, released by the Ukrinform agency. “To date, more than a thousand Ukrainian children have been affected by Russia’s armed aggression. In particular, 349 have died and more than 652 have been injured,” wrote the press service of the Prosecutor’s Office.
Source: Ambito
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