The European Commission announced a €2.3 billion deal in support for Ukraine to help it rebuild after the damage caused by Russia’s full-scale invasion. The funds include €1.8 billion in loan guarantees and €580 million in grants from international and bilateral public financial institutions, EU Commission President Ursula von der Leyen said at a conference in Rome on plans for Ukraine’s reconstruction. The €2.3 billion is part of the Ukraine Investment Framework, which von der Leyen said is expected to mobilise up to €10 billion in investment in Ukraine.
For her part, Italian Prime Minister Giorgia Meloni announced plans for a 10 billion euro commitment to Ukraine.
"Because, whether we like it or not, what happens in Ukraine affects each of us. I think that is why we should be proud of the result that we are all achieving together today: nations, international organizations, financial institutions, local authorities, the business sector, civil society. Together we have made commitments with today's conference for more than 10 billion euros ," said Giorgia Meloni, Prime Minister of Italy.
The recovery plan was also supported by the President of Ukraine, Volodymyr Zelenskyy.
"I ask you to support the recovery coalition and help define specific financing mechanisms. We must clearly agree that frozen Russian assets should go to the recovery of Ukraine. Not only the proceeds from these assets, but also the assets themselves should be used, and much more actively than they are being used now, to help save lives. We also need a clear system for reconstruction, a special recovery fund and financing at different levels, for the national budget of Ukraine and for local communities ," declared Volodymyr Zelenskyy, President of Ukraine.
The conference on Ukraine comes as hundreds of Russian drones and more than a dozen missiles headed toward Kiev, killing two people in the second massive airstrike in two days, as Ukraine sought critical help from its partners at the Rome meeting. (A2 Televizion)
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