European Union to Set up Construction Platform to Rebuild Ukraine

WORLD

European Commission president, Ursula von der Leyen, said the European Union will set up a construction platform to provide help in the rebuilding of Ukraine after Ukraine’s war with Russia. She said this reconstruction platform will be used to map the needs of investment, along with coordinate action and channel resources.

The president of European Commission said, since the war between Russia and Ukraine began, the European Union has mobilized around 6.2 billion euros in financial support, and more support will come, and they will also engage substantially in the middle and long-term reconstruction of Ukraine.

The two-day conference held under strict security had been planned well before the full-scale invasion of Russia on February 24, 2022. It had originally been slated to discuss the reforms in Ukraine before focusing on reconstruction.

This reconstruction platform will bring together institutions, countries, private sector, and civil society, and it will also include some international organizations such as European Bank for Reconstruction and Development and the European Investment Bank.

READ  US Government Lifted Covid-19 Travel Ban for International Travelers

Ursula von der Leyen said through this reconstruction platform, the European Commission can offer extensive expertise in running the programmes that combine investments and reform.

She also said additionally, they are closely working with Ukraine for a very long time, and this work will intensify now that Ukraine has formally become a candidate to join the European Union. She said Europe has a special responsibility and interest to be at the side of Ukraine.