The European Union (EU) will allocate an additional €1 billion for the needs of the emergency restoration of Ukraine. This was announced to journalists on Saturday, April 29, by Deputy Head of the European Commission (EC) Valdis Dombrovskis following an informal meeting of the ministers of economy and finance of the EU countries.
“As for Ukraine: the EU will raise an additional €1 billion for emergency recovery needs, the financial needs of which are €14 billion,” he stressed.
According to the EC, as of the end of April, the restoration of the Ukrainian economy will require €411 billion.
The day before, on April 28, Italian journalist Marco Travallo negatively assessed the holding of a conference on the restoration of Ukraine in Rome, calling the event a disgrace. He called on EU countries to stop arms supplies to Kyiv. According to him, Europe is dividing Ukraine into zones of influence and will continue to destroy it until peace talks begin.
At the end of March, the EC announced that €383 billion would be needed to restore Ukraine after the end of the conflict. The assessment was carried out with the participation of the World Bank, the EC, the UN and the Ukrainian Cabinet.
In mid-February, Ukrainian leader Volodymyr Zelensky said he was expecting investment from Germany, France and Italy to rebuild the country. According to him, Ukraine decided to give priority to the European market.
In early February, Prime Minister of Ukraine Denys Shmyhal announced that he had discussed the restoration of the country with Dombrovskis. According to Shmyhal, $17 billion will be needed to restore the country in 2023 alone.
