The war continues, so the EU authorities do not give exact figures.
Europe expects to pay most of the cost of reconstruction of Ukraine, Brussels estimates at a trillion dollars the amount needed to restore. The issue will be discussed during IMF meetings in Washington, according to Bloomberg.
-19 for EU member states. The fund will finance investments and reforms as agreed with the Ukrainian government.
On Thursday, the World Bank will hold a ministerial session on Ukraine during the IMF's spring meetings in Washington. European Commission Vice President Valdis Dombrovskis is expected to attend.
The Commission, together with the World Bank, will conduct a thorough assessment of Ukraine's financial needs. According to the Ukrainian government, the damage caused by Russian troops is estimated at $ 1 trillion.
At the same time, it is noted that the war continues, so the EU authorities do not give exact figures. >
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Also, it is not yet determined how much money will be provided through grants or loans, and how much in the form of contributions. At the very least, EU member states have said they should take into account the payment of the bulk of the costs.
Some member states, including Sweden and Slovenia, have suggested exploring ways to redirect Russian funds to Ukraine, for example by diverting profits from high energy prices or using frozen assets of Russian oligarchs under sanctions.
According to Bloomberg, Ukrainian President Volodymyr Zelensky told Commission Chairman Ursula von der Leyen that his government needed $ 5 to $ 7 billion a month to cover salaries and other social costs.
Read also: The figure is constantly growing: Analysts estimate the damage to Ukraine's infrastructure from Russia's aggression to two trillion hryvnia
Most initial assistance will be aimed at rebuilding infrastructure and supporting the provision of public services .
The Netherlands suggests that any reconstruction tool should also be used for the introduction of government structures that will bring Ukraine and the EU closer and smooth Kyiv's path to accession.
The Commission is also considering expanding guarantees to help companies . Ukraine estimates that about a third of businesses have shut down altogether, and 45 percent have cut production.
In particular, the war has affected the agricultural sector, one of the most important in the country. Because large plots of land cannot be used, farmers face rising costs and exports are hampered.
According to the EU representative, the bloc has already paid € 600 million ($ 647 million) in soft loans since the start of the war, and it is accelerating the approval of an additional € 600 million that may come this summer. The EU is also working on an additional loan package, which could be of the same scale.
Separately, the IMF approved $ 1.4 billion in emergency financing for Ukraine, while canceling the transfer of $ 2 , 2 billion from the previous loan, as it was clear that Ukraine could no longer carry out reforms and meet the conditions necessary to obtain the rest of the money, including in the fight against corruption.
