Reforms will help the country move closer to the EU.
The European Commission has developed a strategic plan for the postwar reconstruction of Ukraine in hundreds of billions of euros, according to which Kyiv must fight corruption and carry out reforms in order to move closer to and join the EU. The eight-page project, to be approved by the commission on Wednesday, was awarded to the German newspaper Sueddeutsche Zeitung.
According to the draft document, it will take more than 10 years to rebuild the infrastructure destroyed by the war. The funds allocated for the reconstruction will be subject to harsh conditions – the fight against corruption and the Ukrainian government's reform efforts.
The document also states that the principle of “doing better than before” . The new infrastructure and buildings must be designed according to climate requirements.
How much money is needed for the restoration is not yet clear, but the damage from the war is already estimated at hundreds of billions of euros. The EU's financial contribution should come from the new budget program.
The reforms and investments that Kyiv has to promise with money from the new program are designed to help, among other things, further integrate the Ukrainian economy into the EU internal market, improve the business environment or “gradually bring” Ukrainian legislation into line with EU law.
The plan also attaches great importance to good governance, the rule of law, sound financial management and the fight against corruption and fraud.
According to the plan, the money for the reconstruction plan will come from international partners, but in the “strategic interests” the EU will lead the effort and take over “most of it”, the European Commission explains.
Grants to Ukraine may be covered by additional payments from Member States to the EU budget or by redistribution within the budget.
As for preferential loans to Kyiv, the commission proposes to finance them by taking on new debts. Member States will then be jointly responsible for such EU debts.
However, the publication notes that some EU governments, including the German government, are very critical of the European debt.
The Brussels authorities also mentioned the possibility of using confiscated Russian assets to finance reconstruction.
As previously reported, after the war, three sectors will be key to the country's revival: defense, IT and agro-industry. . And they will be provided with resources and staff by political universities that will work in relations with enterprises.
See the special topic: Ukraine will receive a soft loan of 150 million euros from Germany The Cabinet has also agreed to support from Japan and the World Bank. The EU is building a civilian presence in Ukraine – another mission has been launched The mission will support border management, the investigation and prosecution of war crimes. People in the occupied territories and in the zone of active hostilities will be able to receive additional payments Expansion of support programs also applies to the temporarily occupied territories of Ukraine. Latvia will stop cooperating with Russia in the field of culture With the exception of a certain category of Russian artists. Cholera and other potential infections in the occupied territories of Ukraine: WHO is preparing to fight According to the WHO, in Mariupol sewage water is now mixed with drinking water.
