Where it comes from and where it's going.
The European Investment Bank (EIB) will release €200 million in loans meant to help the country repair local energy, water and transportation infrastructure either directly damaged by the war or overstressed by the large numbers of people who fled to safer areas of the country, the government said. The loans,
Russia will retaliate against any "unfriendly" European nation that uses frozen Russian assets to fund Ukraine by seizing an even larger amount of those countries' assets, said Vyacheslav Volodin, the chairman of Russia's State Duma. "A number of European politicians, led by the head
Germany pledged a further €200 million in aid for urban reconstruction and other projects during a visit to Kyiv by the German envoy for the reconstruction of Ukraine, German news agency dpa reported. Jochen Flasbarth, Germany's point man for the reconstruction of Ukraine, said the money is also
The World Bank, the Council of Europe Development Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) agreed to streamline and simplify their procurement practices in Ukraine ahead of an expected surge in reconstruction spending. "Reconstruction needs for Ukraine will be huge,"
The United States has pledged $700 million to help Ukraine upgrade its ports, railways and other elements of its transport infrastructure to help the economy recovery from the impact of the Russian invasion, Ukrainian Infrastructure Minister Oleksander Kubrakov said. "We have to modernize Ukrainian checkpoints, ports and railway. This
The European Parliament voted to approve a €50 billion package to help rebuild Ukraine, including a mix of grants and loans to be handed out between 2024 and 2027. Deputies voted 512-45, with 63 abstaining, to approve the so-called Ukraine Facility funding, which will be handed out in various disbursements
Ukraine Finance Minister Serhiy Marchenko said geopolitical tensions elsewhere in the world and the length of the war in Russia are weakening the resolve of Ukraine's major donor nations, Reuters reported. "I see a lot of tiredness, I see a lot of weakness among our partners, they
Belgium will create an $1.8 billion fund for Ukraine using tax on profits generated by Russian assets frozen after the start of the war, Belgian Prime Minister Alexander De Croo announced. The money, which stems from the nearly $200 billion frozen Russian assets held at Belgium-based clearinghouse Euroclear, will
Some 34 countries pledged a combined €500 million to help de-mine Ukraine, led by a 100-million-euro donation from Switzerland, at a donors' conference in Zagreb, Croatia. Pledges made at the conference also included €20 million from Norway, €12.5 million from Sweden, €5 million from Croatia, €2 million from
The Financial Times published an op-ed by chief economist at German bank LBBW, Moritz Kraemer, calling for the creation of "Ukraine Reconstruction Bonds" backed by either the interest on frozen Russian assets, the European Union or the World Bank. "Investment in Ukraine’s recovery and reconstruction cannot
By Ukraine Rebuild News Staff, Sept 20, 2023 The European Bank of Reconstruction and Development plans to invest about 1.5 billion euros ($1.6 billion) per year in Ukraine this year and next but the figure could rise if reconstruction accelerates, EBRD President Odile Renaud-Basso said at an event
By Ukraine Rebuild News Staff, Sept 19, 2023 The 27 foreign affairs ministers of European Union member nations will likely hold their Foreign Affairs Council meeting in Kyiv in early October to show support for Ukraine’s eventual integration into the union, Italian news agency Ansa reported, citing three unnamed
By Ukraine Rebuild News Staff, Sept 15, 2023 The European Parliament passed a resolution calling on the European Union to freeze Belarusian assets and seek to transfer them to Ukraine to pay for reconstruction after the war with Russia, and asking the International Criminal Court (ICC) to issue an arrest
By Ukraine Rebuild News Staff, Sept 14, 2023 Most citizens of Western or Western-allied nations agree that their government should financially support the reconstruction of Ukraine and that the country should be allowed to join the European Union and Nato, according to a 14-nation survey. Some 69% say their government
Ukraine Rebuild Newswire Staff, Sept 11, 2023 South Korean President Yoon Suk Yeol announced an aid package of $2.3 billion for the reconstruction of Ukraine, including $300 million in aid next year and $2 billion in low-cost loans from 2025, the Korea Times reported from the G20 summit over
Ukraine Rebuild Newswire Staff The promise of European Union membership will accelerate the reconstruction of Ukraine more reliably than the money likely to be offered by international donors when the war with Russia ends, said Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development. As Ukraine
