Reconstruction - The Kyiv Independent (Page 2)

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Ukraine says close to $500,000 in reconstruction funds for Borodianka 'disappeared'

by Nate Ostiller May 4, 2024

After an audit, there was a discrepancy of Hr 14 million (around $353,000) related to plastic-metal windows, which were earmarked for installation but never actually put in. The State Audit Service said local governments should "ensure more thorough control" over reconstruction funding and added that the case had been referred to the Prosecutor General's Office to determine whether criminal wrongdoing had occurred.

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Swiss parliamentary committee backs proposal to send $5.5 billion in aid to Ukraine

by Nate Ostiller, The Kyiv Independent news desk April 26, 2024

While the proposal must still get through more legislative steps before becoming law, it was supported by lawmakers from both center-right and center-left parties.

Ukraine Business Roundup

Ukraine Business Roundup — Is Ukraine’s reconstruction actually happening?

by Liliane Bivings April 24, 2024

The following is the April 23, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukrainians cautiously celebrated the House finally passing further aid to Ukraine last Saturday. The moment was bittersweet — how

Volodymyr Zelensky

Zelensky: Russia must pay a 'painful price' as 'sole culprit of this war'

by Chris York, The Kyiv Independent news desk April 18, 2024

President Volodymyr Zelensky has said Russia must pay a “painful price” for its war in Ukraine and frozen Russian assets should be utilized to help Ukraine’s fight against “terror.”

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Poland establishes council for cooperation with Ukraine

by Abbey Fenbert April 13, 2024

Polish Prime Minister Donald Tusk signed a decree establishing the council, which will deal with bilateral Polish-Ukrainian relations and Ukraine's reconstruction.

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Mayor: Russia's war causes at least $2.9 billion in damages to Mykolaiv

by Elsa Court, Dominic Culverwell April 11, 2024

Russian attacks on the southern city of Mykolaiv have caused at least $2.9 billion in damages, Mykolaiv Mayor Oleksandr Senkevych told reporters at the International Mayors Summit outside Chisinau, Moldova, on April 11.

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Switzerland plans to budget $5.5 billion to help Ukraine's economic recovery

by Elsa Court, The Kyiv Independent news desk April 10, 2024

Switzerland plans to allocate 5 billion Swiss francs ($5.5 billion) to support Ukraine's economic development and reconstruction by 2036, the Swiss Federal Council announced on April 10.

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Ukraine launches digital war damages register as basis for future reparations

by Elsa Court, The Kyiv Independent news desk April 2, 2024

Ukrainians whose property has been destroyed or damaged by Russia can now submit applications for compensation via an international digital register, which will be used "as the basis for future reparations" from Russia, Digital Transformation Minister Mykhailo Fedorov announced on April 2.

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Japan provides Ukraine with $118 million grant for healthcare, reconstruction

by Elsa Court, The Kyiv Independent news desk April 1, 2024

Japan provided Ukraine with $118 million in aid as part of two World Bank projects, Ukraine's Finance Ministry reported on April 1.

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Council of Europe Development Bank to lend almost $110 million to Ukraine for housing

by Martin Fornusek March 27, 2024

Council of Europe Development Bank has allocated a loan of 100 million euros ($108 million) to restore housing for Ukrainians, Infrastructure Minister Oleksandr Kubrakov said on March 27.

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The Guardian: EU to propose funneling billions in profits generated by Russian assets to Ukraine

by Martin Fornusek, The Kyiv Independent news desk March 14, 2024

The commission's officials plan to put forward a "legally robust proposal" for consideration by the member states, possibly before a meeting of prime ministers on March 21, the outlet said.

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US State Department, German Marshall Fund want to rebuild sustainable Ukrainian cities

by Sonya Bandouil, The Kyiv Independent news desk March 7, 2024

The U.S. State Department and German Marshall Fund established a public-private initiative to assist in rebuilding up to three Ukrainian cities, with a focus on sustainability.

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France invests 5 million euros in reconstruction of Chernihiv Oblast

by Rachel Amran, The Kyiv Independent news desk March 5, 2024

Ukrainian officials signed an agreement with France to invest over 5 million euros towards the reconstruction of Chernihiv Oblast, Ukrainian infrastructure minister Oleksandr Kubrakov announced on March 4.

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Denmark announces additional $1.4 million for Ukraine’s reconstruction

by Dinara Khalilova, The Kyiv Independent news desk February 29, 2024

Denmark is allocating an additional 10 million Danish kroner (around $1.4 million) to support Danish-Ukrainian municipal cooperation on the reconstruction of Ukraine, the Danish Foreign Ministry announced on Feb. 29.

Ukraine Business Roundup

Ukraine Business Roundup — February 20

by Liliane Bivings February 21, 2024

The following is the Feb. 20, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Tokyo summit Japanese and Ukrainian representatives met in Tokyo on Feb. 19 to foster dialogue between both government

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Shmyhal: Japan to allocate $1.3 billion to support Japanese investors in Ukraine

by Nate Ostiller, The Kyiv Independent news desk February 19, 2024

The Japanese Foreign Ministry also announced 15.8 billion yen ($105 million) in aid to Ukraine in the form of grants.

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PM Shmyhal: Ukraine, Japan sign 56 documents on cooperation, reconstruction

by Martin Fornusek February 19, 2024

The newly finalized documents include an intergovernmental convention to avoid double taxation, an important step for Japanese business projects in Ukraine. The two governments also signed a memorandum of cooperation in education and technology.

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Shmyhal-led delegation arrives in Tokyo for Ukraine reconstruction conference

by Martin Fornusek February 19, 2024

The Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction, expected to gather around 300 people and 80 companies, aims to foster dialogue between government officials and business sectors from both countries.

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World Bank: Ukraine's recovery costs rise to $486 billion

by Martin Fornusek February 15, 2024

This figure, based on data gathered between Feb. 24, 2022, and Dec. 31, 2023, is 2.8 times higher than Ukraine's nominal gross domestic product (GDP) for last year, the report noted.

Reconstruction

Ukraine wants to make reconstruction transparent. Will it work?

by Dominic Culverwell February 8, 2024

Inside a bare apartment littered with concrete blocks and slabs of plywood, construction site manager Serhiy Yerokhin points to a large balcony overlooking the treetops of Irpin, a suburb outside of Kyiv occupied and heavily damaged during the first month of Russia's full-scale invasion. Almost two years ago, a missile

Business

Everyone talks about investing in Ukraine, but few are doing it

by Dominic Culverwell February 6, 2024

Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gross domestic product (GDP) growth this year,

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EU, IFC to mobilize over $530 million for Ukraine's private sector recovery

by Mariia Tril February 6, 2024

This is part of the IFC's Better Futures Program that aims to mobilize over 500 million euros ($537 million) across sectors, including infrastructure, goods production, decarbonization, and job preservation.

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Portugal, Ukraine sign memorandum on restoring Ukrainian schools

by Dinara Khalilova, The Kyiv Independent news desk February 5, 2024

Portuguese officials visited the third international forum on the reconstruction of Zhytomyr Oblast and signed a Memorandum of Understanding on rebuilding Ukrainian schools affected by the war, Portugal’s Foreign Ministry reported on Feb. 5.

Reconstruction

Reconstruction in Kyiv suburb sabotaged by local officials, discouraging foreign investors

by Dominic Culverwell December 19, 2023

In a dark corner of his makeshift shack, Oleksandr Mazay unveils a hand grenade wrapped in a dirty blanket. He smiles and pulls the pin. Fortunately, the explosive is rusted and inactive. Once belonging to a Chechen soldier, Mazay kept the grenade as a reminder of the brutal occupation he

Reconstruction

‘We can't wait for peace:’ Reluctant at first, Denmark takes on rebuilding war-torn Mykolaiv Oblast

by Dominic Culverwell December 11, 2023

When President Volodymyr Zelensky announced to the Danish Parliament last March that Ukraine wanted the Nordic country to rebuild the war-torn southern Mykolaiv Oblast, it was the first the Danes had heard of it. Not only was the president’s plan to assign Ukrainian regions to allied countries for reconstruction

Reconstruction

‘We have to speed up:’ European Investment Bank head Hoyer calls for swift reconstruction of Ukraine

by Alexander Query November 28, 2023

Werner Hoyer, the head of the European Investment Bank (EIB), and its vice-president Teresa Czerwinska visited Kyiv on Nov. 27 to announce a new 450-million-euro package ($493 million) to Ukraine and inaugurate the bank’s new regional hub in the capital. The sum, approved by the EIB on Nov. 15,

Reconstruction

‘It takes bravery to recognize mistakes:’ Ukrainian architects learn from Rotterdam to rebuild their own cities

by Elsa Court November 24, 2023

When the Russian invasion of Ukraine forced urbanists Oleksandra Naryzhna and Anastasiia Palii to leave Kharkiv in March 2022, the Dutch city of Rotterdam was an obvious choice for a temporary home. It’s a place that provides Ukrainian urbanists and architects with “a lot of opportunities,” Palii told the

Interview

International Finance Corporation Europe Director ‘optimistic’ Ukraine can attract private investment to rebuild

by Dominic Culverwell November 13, 2023

In order to rebuild the country following Russia’s brutal invasion, Ukraine will have to attract billions to its private sector. The International Finance Corporation (IFC) — the investment arm of the World Bank — believes that if Ukraine manages to reform some of its key sectors and liberalize its markets, it

Opinion

Kenneth Rogoff: Europe must lead Ukraine’s reconstruction

by Kenneth Rogoff August 8, 2023

CAMBRIDGE – Who should pay for Ukraine’s postwar reconstruction? Shortly after Russia’s invasion, my co-authors and I estimated that it would cost roughly €200-500 billion ($220-550 billion) to rebuild the country and called for Europe to spearhead the recovery effort. After more than 500 days of death and destruction,

Opinion

Tetiana Khutor: Are legal constraints an excuse for dragging feet on mobilizing Russian assets?

by Tetiana Khutor July 4, 2023

No nation can single-handedly cover all of Ukraine's reconstruction needs, and nor should it be expected to, considering the existence of frozen Russian assets worth billions worldwide. These funds will serve as the primary source for Ukraine’s recovery. To better grasp the situation, it is worth examining the numbers.

Opinion

Svitlana Romanko: Clean energy, green jobs as keys to securing Ukraine’s energy security

by Svitlana Romanko June 22, 2023

Successful economic planning for any nation contains this crucial question: How can we replace imports, which funnel vital capital out of Ukraine, with local production and exports, which bring foreign capital and new employment opportunities to our national economy? With respect to the import and export of energy, this question

Opinion

Anders Åslund: Preparing for Ukraine’s reconstruction

by Anders Åslund June 14, 2023

STOCKHOLM – As Ukraine’s counteroffensive gets underway, Western countries must help liberate all Ukrainians living under Russian occupation. But Western assistance must not end once Russia is defeated. Ukraine’s supporters must also help its postwar recovery. The Ukraine Recovery Conference in London on June 21-22 is an opportunity to

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11:09 AM

(Updated: November 21, 2024 3:56 pm)

Intercontinental Ballistic Missile

Russia reportedly launches intercontinental ballistic missile against Ukraine — what we know so far

If confirmed, it would be the first time the Kremlin has used such a weapon in an attack on Ukraine.

3:44 PM

Russian ICBM strike would be 'clear escalation,' EU says.

"While we're assessing the full facts, it's obvious that such (an) attack would mark yet another clear escalation from the side of (Russian President Vladimir Putin," EU foreign affairs spokesperson Peter Stano said, according to AFP.

3:03 PM

Ukraine '95% ready' to resume flights but needs adequate air defenses, minister says.

Ukraine is "95%" ready to resume commercial flights, but the key remaining factor is to ensure the safety of passengers, Communities and Territories Development Minister Oleksii Kuleba said on Nov. 21.

2:14 PM

(Updated: November 21, 2024 2:49 pm)

'Putin is using Ukraine as testing ground,' Zelensky says after reported ICBM strike.

"Today (on Nov. 21), it was a new Russian missile. Its speed and altitude suggest intercontinental ballistic capabilities. Investigations are ongoing," President Volodymyr Zelensky said.

11:13 AM

(Updated: November 21, 2024 2:21 pm)

Updated: Russian attack on Kryvyi Rih injures 26, damages residential buildings.

Russia launched an attack against the city of Kryvyi Rih in Dnipropetrovsk Oblast on Nov. 21, injuring at least 26 people, officials said.

1:40 PM

Merkel describes Trump as 'fascinated by Putin' in her memoir.

"(Donald Trump) saw everything from the point of view of a property developer, which is what he was before he came into politics. Every plot of land could only be sold once, and if he didn't get it, someone else would," Angela Merkel says in her memoir.

1:17 PM

Parliament passes bill allowing first-time deserters to return to military service.

The contracts of these soldiers will continue to be valid if they decide to return to their units.

12:37 PM

Ukrainian UAVs reportedly strike Russian border regions, industrial facility hit.

The airport in the city of Volgograd, lying northeast of Rostov Oblast, temporarily suspended operations due to safety concerns, the Federal Air Transport Agency (Rosaviatsiya) reported.

12:14 PM

Hungary deploys air defenses near Ukraine, cites war escalation after US allows strikes in Russia.

Hungarian Defense Minister Kristof Szalay-Bobrovniczky ordered the deployment of air defense systems in the country's northeastern regions, saying that "the war has entered its most dangerous phase."

8:57 AM

(Updated: November 21, 2024 10:56 am)

Russia uses ICBM against Ukraine for the first time as missiles hit Dnipro, Air Force says.

Russian forces launched a large-missile missile attack on Ukraine, reportedly lifting Tu-95 bombers and MiG-31K Kinzhal carriers and attacking the city of Dnipro early on Nov. 21.

10:51 AM

Russian troops suspected of executing Ukrainian POWs in Kursk Oblast, ombudsman says.

Russian forces are suspected of summarily executing Ukrainian prisoners of war (POW) in Russia's Kursk Oblast, Ombudsman Dmytro Lubinets reported on Nov. 20.

9:57 AM

Zaporizhzhia nuclear plant faces 2nd blackout of the week after Russian attacks.

The Zaporizhzhia nuclear power plant is on the verge of a blackout after Russian shelling of power lines left the plant connected to only one line, the Energy Ministry reported on Nov 21.

9:33 AM

Belarusian who fought for Ukraine extradited from Vietnam to Belarus.

Vasil Verameichyk now faces the prospect of imprisonment, as the Kalinouski Regiment was recently declared a terrorist organization by the Supreme Court of Belarus.

8:10 AM

General Staff: Russia has lost 727,250 troops in Ukraine since Feb. 24, 2022.

This number includes 1,510 casualties Russian forces suffered just over the past day.

5:49 AM

Russia, North Korea agree to increase charter flights following trade discussions, media reports.

Russia’s state-owned TASS news agency reported that the two countries had agreed to boost charter flights. The agreement was confirmed by Russia’s Ministry of Natural Resources, which noted that between January and September, over 5,000 tourists traveled between the two countries.

4:30 AM

SBU exposes corruption scheme by two Ukrainian army logistics officers.

The scheme is believed to have defrauded the state of Hr 27.3 million ($662,000), which was funneled through a network of shell companies. If convicted, the accused face up to six years in prison.

2:00 AM

UK defense secretary does not confirm Ukraine's Storm Shadow strike in Russia.

"Ukraine's action on the battlefield speaks for itself," U.K. Defense Secretary John Healey said in remarks to parliament on Nov. 20.

1:13 AM

Russian attack in Donetsk Oblast kills 11-year-old boy.

The attack, carried out with Russian cluster munitions, also seriously injured a 13-year-old girl and wounded a 63-year-old man, according to regional police.

12:41 AM

Ukraine to pursue 'diplomatic' liberation of Crimea, will not acknowledge occupied territories as Russian, Zelensky says.

"We cannot spend dozens of thousands of our people so that they perish for the sake of Crimea coming back ... We understand that Crimea can be brought back diplomatically," Zelensky told Fox News.

11:54 PM

Biden seeks to cancel over $4.5 billion of Ukraine's debt.

"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," U.S. State Department spokesperson Matthew Miller said on Nov. 20.

11:15 PM

War update

War

Panic grips Kyiv as embassy closures and Telegram rumors fuel fears of imminent attack

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