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European Investment Bank chief: Ukraine's post-war reconstruction may cost $1.1 trillion.

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“I’ve put the trillion out there because I saw figures in the public space that I consider completely unrealistic when I look at the level of destruction in Ukraine”, European Investment Bank President Werner Hoyer said, adding that Europe “will have to play the biggest role” in this effort.

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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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President Volodymyr Zelensky said on July 11 that he is preparing changes to Ukraine’s “diplomatic efforts” to accelerate weapons deliveries from allies, as Ukraine's stockpile of Patriot air defense missiles has run dry.

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Russia launched 12 missiles overnight, including six Iskander-M and S-400 ballistic missiles, four Kh-59 and Kh-69 cruise missiles, and two Kh-31 anti-radiation missiles, alongside 121 attack and decoy drones, Ukraine's Air Force said.

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