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Finance minister: Ukraine needs $38 billion a year for post-war reconstruction

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The Ukrainian government can the funds necessary for Ukraine's reconstruction from the state budget, but it has to look for other sources too, Finance Minister Serhii Marchenko told Suspilne. According to him, the country could use Russia's money arrested on Ukrainian territory for future repair works.

"We are currently looking for resources for critical recovery... We are talking about roughly $38 billion a year," said Marchenko.

In his evening address on Oct. 27, President Volodymyr Zelensky said that Russia had launched over 4,500 missile strikes on Ukraine since the start of the full-scale invasion in February.

The damage caused by Russian attacks on Ukraine's infrastructure has reached $127 billion, according to the Kyiv School of Economics.

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The Kyiv Independent news desk

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Lavrov has arrived in New York to take part in the U.N. General Assembly, Russian state media reported. Rubio and Lavrov have met several times over the past year as the Trump administration has sought to broker an end to Russia’s full-scale war against Ukraine.

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"Last week, in honor of Senator Lindsey Graham, I signed a powerful new law passed by Congress, providing me with enormous new tariff authorities," Trump said in his address at the U.N. General Assembly in New York. "And, if necessary, I will have to use them. It's time to stop the killing."

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