Andrew Forrest’s $740 million bet on Ukraine | ErykBagshaw
Australian mining billionaire Andrew Forrest will invest $740 million in Ukraine’s private sector to kick-start its post-war economy, marking the first tranche of a $US100 billion global fund that has been described as Ukraine’s “Marshall Plan”.
“I don’t want to wait for the last bullet to be fired. I want people to know now that Ukraine will enter into a golden era. It will be the highest growth economy in Europe without any doubt,” Forrest said.Ukraine was battered by Russian missiles on Tuesday and Wednesday On Monday, NATO Secretary-General Jens Stoltenberg said despite Ukraine taking back the strategically important city of Kherson, “we should not make the mistake of underestimating Russia”.Ukrainian President Volodymyr Zelensky said he and Forrest would not replace “communist-era rubbish Russian infrastructure” if Ukraine wins the war.
“I said: ‘I’ve got something really burning in my heart, I feel we’ve got to put a massive investment fund together to signal to the people of Ukraine and to the world that at the cessation of hostilities or the expulsion of Russian forces from the lands of Ukraine to invest straight away’,” he told“He said, ‘oh my God, you’re talking about the Marshall Plan’. I said, yeah, but the Marshall Plan started late, four years after the war ended when there was devastation.
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