Skip to content

Australian billionaire mulls dropping 'Marshall Plan' for Ukraine in case of a bad peace deal

Andrew Forrest at the Ukraine Recovery Conference 2023 in Greenwich (Photo by UK Foreign Office via WikiCommons, CC 2.0)

Australia's billionaire Andrew Forrest, who committed $500 million to a global fund for Ukraine's reconstruction later described as a "Marshall Plan" for the war-torn country, said he may be forced to withdraw his pledge in case of a bad peace deal.

"If it's a peace deal which the Ukrainians are unhappy with because it was forced upon them by a transaction mentality, then I don't see that as sustainable. What that fund is set up for is sustainable peace to the satisfaction of the freely elected cabinet of Ukraine," Forrest told The Telegraph in an interview.

This post is for subscribers only

Subscribe

Already have an account? Sign In

Latest

Switzerland launches CHF 50 million call for private-sector reconstruction projects in Ukraine

Switzerland launches CHF 50 million call for private-sector reconstruction projects in Ukraine

Switzerland has launched a new call for investment projects involving Swiss companies in Ukraine, making up to 50 million Swiss francs ($61 million) available to help finance reconstruction and economic recovery efforts, the Swiss government said on May 28. The initiative targets Swiss companies with an established presence in Ukraine

Members Public