The reconstruction of the heavily devastated areas in Ukraine will probably cost hundreds of billions of euros. How much exactly, however, can only be calculated after the end of the war. The UNO now wants to pass a resolution to hold Russia accountable, and the Kremlin sharply criticized it at the time: “We are categorically against it,” Kremlin spokesman Dmitry Peskov said of later reparations.
“Of course, the organizers of this trial are trying to complete the robbery of our currency reserves, which were blocked in a completely illegal way,” Peskov told the Interfax news agency on Tuesday.
Ukraine must document the damage
Among other things, the resolution calls on Ukraine to record information about war damage in a kind of register. At the UN General Assembly in New York on Monday, 94 countries voted in favour. 73 countries abstained, 14 voted against – in addition to Russia, including China, Iran and Cuba.
In any case, the three-digit billions necessary for reconstruction need not be borne by just one country. Recently, for example, German Chancellor Olaf Scholz has been pushing for a kind of “Marshall Plan” for Ukraine – alluding to US reconstruction aid in Europe after the end of World War II.
EU wants to use frozen assets
In any case, Scholz spoke of a ‘generation task’ given the immense damage. Russia could also help with financing in a roundabout way. For example, EU Commissioner for Justice Didier Reynders spoke out in favor of earmarking frozen assets as part of sanctions.
“If it is criminal money that the EU confiscates, it is possible to channel it into a compensation fund for Ukraine. However, the amount is nowhere near enough to finance the reconstruction,” says Reynders.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
