War-torn Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, a senior Ukrainian government official told Reuters ahead of a summit this week.
LONDON (Reuters) - War-torn Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, a senior Ukrainian government official told Reuters ahead of a summit this week.
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LONDON (Reuters) -Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said ahead of an international summit. Politicians and financiers will discuss short-term funding issues as well as look at long-term reconstruction efforts at the two-day meeting, starting in London on Wednesday and co-hosted by Ukraine and Britain. It is expected to launch a "war risk" insurance scheme to cover companies that begin investing in Ukraine again and see government officials discuss behind the scenes if and how to use frozen Russian assets to fund some of the rebuild effort.
The Government of Italy, through the European Bank for Reconstruction and Development (EBRD), will provide grants worth up to EUR 10 million to NPC Ukrenergo to help provide the company with liquidity and carry out emergency repairs.