According to German economics minister Robert Habeck, Ukraine will probably need about 350 billion euros to rebuild the country. “It’s a huge amount,” Habeck said at Neuhardenberg Castle in Brandenburg on Thursday. This calls for a fund that increases the efficiency of private investment. Ukrainian Economy Minister Julia Swyrydenko told him the amount, Habeck explained.
Svyrydenko is a guest at the meeting of trade ministers of the seven major industrialized countries, including Ukraine. The minister said her country had received $19 billion in international aid in the past six months to keep afloat. According to Habeck, German companies could already invest in Ukraine. Should investments fail or factories destroyed in the war, there would be safeguards through fallback guarantees.
“Image of Desolation”
Ukraine continues its counter-offensive in the east and south of the country. According to President Volodymyr Zelenskyy, about 8,000 square kilometers of land have been liberated so far. According to the British Ministry of Defense, Ukraine is consolidating its control over the recaptured areas in the Kharkiv region. Russian troops have largely withdrawn west of the Oskil River, the ministry said.
After the withdrawal of Russian troops, Zelenskyy got a picture of the situation on Wednesday during a surprise visit to the strategically important city of Izyum in the east of the country. It was a picture of devastation, Zelenskyj said in his video address. “They only destroyed, only seized, only expelled.” In some villages there are no houses left. Some of the information about the course of the war cannot be independently verified. Russia denies targeting civilians.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
