News Feed

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

0 min read

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.

Avatar
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.

Read more
News Feed

"I don't see much point in them, (...) because it will be practically impossible to reach an agreement with the Ukrainian side on key issues: even if there is political will, which I doubt, there are legal and technical difficulties," Putin said.

Show More