'Make Russia pay for it': Ukraine's Kuleba on the massive cost of post-war reconstruction

'Make Russia pay for it': Ukraine's Kuleba on the massive cost of post-war reconstruction

May 25, 2022 by CNBC

Key Facts

  • Ukrainian officials have estimated it at a potential $600 billion, with some saying that is a modest figure and set to increase as the war drags on.
  • There is an alternative way to recover Ukraine, (that) is to make Russia pay for it," Kuleba told CNBC's Hadley Gamble during a panel session at the World Economic Forum in Davos, Switzerland.
  • "This is why European Commission has recently come up with certain initiatives on how to create a legal framework for that — Canada passed a piece of law that allows not only the seizure of assets but also the transfer of those assets to projects associated with the recovery of Ukraine.
  • Ukraine's President Volodymyr Zelenskyy has said the situation in the Donbas in eastern Ukraine is "very difficult" with Russian forces concentrating their fire and manpower on assaulting the region and seizing key cities there.

Click To Read Full Article

PERSON
GEOGRAPHY
GROUP
MONEY
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?