As the international conference aimed at facilitating the reconstruction of war-torn Ukraine concluded, the United Kingdom announced on Thursday that foreign donors had committed to providing 60 billion euros ($66 billion) in fresh financial aid for the country.
Foreign donors have pledged 60 billion euros ($66 billion) of new financial support for Ukraine, the UK said Thursday, as an international conference aimed at funding the war-ravaged country’s reconstruction closed.
The commitments from governments and international organizations target supporting Ukraine in the short- and medium-term, Cleverly said at the closing session of the London conference.
In the medium-term, more than $400 billion will be needed to rejuvenate the Ukrainian economy, according to estimates.
Shmygal also welcomed the commitment of “almost all” of those present in supporting the idea that Russia “must pay for its crimes and the destruction it has caused in Ukraine”.
One of the conference’s main goals was to involve the private sector by putting in place mechanisms to guarantee investments in Ukraine, whose army is currently in the midst of a counter-offensive against Russian forces.
Nearly 500 companies from 42 countries have pledged to play their part, Cleverly said.
The bulk of the 60 billion euros comes from a 50-billion-euro aid package that the European Union plans to roll out until 2027, which was announced on the eve of the conference.
The United States also announced $1.3 billion in aid, targeting the energy and infrastructure sectors in particular.
Khalil Wakim, with AFP
