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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

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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As Russia bombards Ukraine with Shahed drones almost every night, the 12th Army Aviation Brigade takes to the skies in decades-old helicopters to intercept them. The Kyiv Independent’s Kollen Post joined the pilots to understand how they fly, maneuver, and shoot down drones in darkness — and what keeps them going.

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