Union Foreign Minister Annalena Baerbach wants to end Russia’s war of aggression in Ukraine “Reconstruction Attack” The Green Party politician said this shortly before the start of a Ukraine recovery conference in London on Wednesday and Thursday, according to a statement from the opposition Federal Foreign Office.
Rebuilding the country is an “enormous task,” Berbach said: “In 2022 alone, Ukraine lost 29 percent of its GDP, and inflation was up to 27 percent.” Reconstruction will cost US$400 billion (about €366 billion) over the next ten years.
Germany is providing “massive new humanitarian aid to help families badly affected by destruction, flooding and displacement,” Baerbach said. That’s about it in the middle ages To support the financing of rehabilitation. In the long term, the EU accession process will create the basis for a stable and prosperous Ukrainian economy.
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“Germany’s support is firm today, tomorrow and tomorrow. “Because for lasting peace it is not enough to win the war in Ukraine – we want it to become part of the European peace and prosperity project,” the minister said.
Reconstruction: Needs private investment
However, managing the restructuring requires above all private investments. Despite the war, many German companies still operate in Ukraine. It supports Berlin Through National Investment Guarantees.
Great Britain, which is co-hosting the conference with Ukraine this year, is focusing not only on direct aid but also on encouraging private investment in the country. As reported by the British government, there are already signals Hundreds of international organizations want to participate in the reconstruction of Ukraine.
The Convention should include a framework for one of the G7 countries to provide additional protection for companies War Risk Insurance will be created, Sunak announced.
Demand: Ukraine must get a better grip on corruption
However, Kiev must take responsibility for bringing the corruption problem under control Use aid funds effectively and purposefully.
Ahead of the conference, US Secretary of State Anthony Blinken warned his British counterpart James Wise in a meeting. Strengthen democratic institutions. He also pledged support from the US and other allies.
A video conference speech by Ukrainian President Volodymyr Zelensky is expected to open the conference on Wednesday. Baerbock and EU Commission President Ursula von der Leyen and other politicians are also expected to speak at the conference. Germany wants to host Ukraine rescue conference next year (dpa)
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