Ukraine is seeking up to US$40 billion (S$50 billion) for the first part of a “Green Marshall Plan” for reconstruction. Read more at straitstimes.com.
BRUSSELS - The European Union will provide Ukraine with €50 billion in aid for 2024-27, the bloc’s president said on Tuesday, ahead of a gathering in London to secure short-term financing and money toUkraine is seeking up to US$40 billion for the first part of a “Green Marshall Plan” for reconstruction from the London conference starting on Wednesday. The World Bank estimates its needs at more than US$400 billion over a decade - three times Ukraine’s GDP.
In a symbolic move, the EU granted Ukraine formal membership candidate status last year. Sources said the EU will say in a report this week that Ukraine has met two out of seven conditions for formal accession talks to begin.Of Tuesday’s aid pledge, €17 billion would come in free grants and the rest in the form of low-interest loans, said Mr Johannes Hahn, commissioner for budget and administration.
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