The EU discusses billions of investments in the restoration of Ukraine

Bloomberg has learned from an unnamed but reputable source that the European Commission is discussing the post-war reconstruction of Ukraine. We are talking about creating a solidarity fund through which the EU will allocate hundreds of billions of euros to Ukraine over the course of decades to finance investments and reforms. To date, the Ukrainian government has said that at least $1 trillion (930 billion euros) in damage has already been caused to the country.

At the official level in the EU, the “Marshall Plan for Ukraine” has not yet been commented on, stating that it is first necessary to solve the current tasks of accepting refugees and helping Ukraine defend itself from Russia. However, Bloomberg's interlocutor said that in the coming weeks, this plan will be discussed in both Brussels and Washington. The European Commission and the World Bank will analyze Ukraine's finances in the near future, but the amount of costs needed to restore the country can only be accurately determined after the end of hostilities. Both Brussels and Washington agree that funds should be spent by Ukraine under the supervision of international donors. The reason is that the reputation of Ukraine as a country with a high level of corruption has not yet been corrected.