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Transcripts for BBCNEWS Talking Business 20240604 01:31:00

the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops 7 the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, ukraine, it s been suffering for a year now. it s 12 months since russia

Transcripts for BBCNEWS Talking Business 20240604 02:56:00

how do we make sure that ukraine isn tjust saddled with unsustainable loan payments? i mean, that would be a difficult question. and then it s very early to see the situation, because it very much depends on the duration of the war. but indeed, the question of the debt sustainability is a concern. i think that s why also we see some donors providing more grants. well, on that point, 0dile renaud basso, the big boss of the european bank of reconstruction and development. always a pleasure having you on the show. thanks for your time. i ll check in with you soon. thank you very much. well, that s it for this week. i hope you enjoyed the show. don t forget, you can keep up with all the latest on the global economy and the war in ukraine on the bbc news website and the smartphone app. of course, you can also follow me on twitter, tweet me, i ll tweet you back! you can get me @bbcaaron.

Transcripts for BBCNEWS Talking Business 20240604 02:31:00

ukraine s vast farms were feeding the world, but the country is now reliant on billions of dollars of help just to get through every month. ukraine s finance minister tells me how he s kept the economy functioning despite the missiles and the deliberate targeting of infrastructure, including the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops? the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun.

Transcripts for BBCNEWS Talking Business 20240604 02:51:00

and that s what the ebrd have been focusing on, which is really providing financial support to key infrastructure, such as the railway company, the electricity company, which has been bombarded very regularly, has seen infrastructure under bombardment very regularly since october, but still is rebuilding and is able to provide electricity to the people of ukraine despite all the challenges. but given all of that and given the war is unfortunately still ongoing, the russians are engaging in massive destruction, and i realise it s difficult to totally cost reconstruction. butjust briefly, can you give us a rough estimate of what sort of number, what sort of numbers are we looking at here? it s very difficult because,

Transcripts for BBCNEWS Talking Business 20240604 02:49:00

a year ago, people were saying leave ukraine, it s going to fall. you know, kyiv stands, ukraine stands. i think we ve seen phenomenal resilience of ukrainians on the front lines. i think we ve seen phenomenal unity of the western nations. i think with the support, i think the two factors, the ukrainian resilience and bravery will continue. i think with the united front of the western allies, i think it s possible that ukraine will win this war and will win this war this year. well, on that optimistic point, andy hunder, a real pleasure. always good see you, my friend. thank you. good luck. thank you. be safe and i ll definitely talk to you soon. thank you. the destruction of large swathes of ukraine has made it hard for the economy to function as well as it did before russia s invasion. and that means the government has had less tax money coming in and has become massively reliant on outside support. one of the biggest providers of that is the ebrd. that s the european bank for recons

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