Volodymyr Zelenskiy says process of recovery will allow his country to deepen its links with Europe
The scale of the task is such that there is a danger of multilateral bodies duplicating offers, as well as tensions between plans developed by Ukraine itself and those prepared by bodies such as the European Investment Bank. The private sector’s willingness to invest billions in Ukraine will depend on the country’s security and Ukraine’s ability to resist the clutches of oligarchs.
He claimed there would be three stages of recovery that together might need more than $750bn of investment, of which one third would be from the private sector, and some from Russian reparations and asset freezes. The draft framework, the subject of advice from more than 2,000 experts over six weeks, has proposals for regional plans sponsored by overseas states, and a 24-sector recovery plan intended to ensure sectors such as home energy and agriculture can meet EU standards, and secure 7% annual growth. But such is the hit to the Ukrainian economy that Kyiv needs another $30bn to stay afloat between now and December.
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