Ukraine Estimates Cost Of Reconstruction At $750 Bn

Ukraine estimates cost of reconstruction at $750 bn

Ukraine told an international conference Monday that it will cost an estimated $750 billion to rebuild the war-shattered country, a task President Volodymyr Zelensky said was the shared duty of the democratic world

Lugano, Switzerland, (APP - UrduPoint / Pakistan Point News - 4th Jul, 2022 ) :Ukraine told an international conference Monday that it will cost an estimated $750 billion to rebuild the war-shattered country, a task President Volodymyr Zelensky said was the shared duty of the democratic world.

Speaking at the opening of the Ukraine Recovery Conference in Switzerland, Ukrainian Prime Minister Denys Shmyhal described the massive destruction and acknowledged the needs were towering.

Ukraine's recovery, he said, "is already estimated at $750 billion. We believe that the key source of recovery should be the confiscated assets of Russia and Russian oligarchs.

" Speaking via video message, Zelensky stressed that "reconstruction of Ukraine is not a local task of a single nation.""It is a common task of the whole democratic world," he said, insisting that "reconstruction of Ukraine is the biggest contribution to the support of global peace."The two-day conference, held under tight security in the picturesque southern Swiss city of Lugano, had been planned well before the invasion, and had originally been slated to discuss reforms in Ukraine before being repurposed to focus on reconstruction.