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Bloomberg: Europe expects to pay bulk of Ukraine’s reconstruction costs

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The European Union is planning to establish a solidarity trust fund to finance the reconstruction of war-shattered Ukraine as member states were told they should expect to pay the bulk of the costs. The European Commission told diplomats it’s working on an EU instrument focusing on the long-term needs of the country instead of a multilateral tool since the bloc will foot much of the bill, according to people familiar with the discussion.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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In August President Volodymyr Zelensky’s former Deputy Chief of Staff Iryna Mudra, lawmaker Maksym Mykytas, and Viktor Dubovyk, head of the legal policy department at the President's Office, were also charged as part of the case. The suspects are accused of both corporate raiding and money laundering.

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