May 17, 2022

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The war in Ukraine.  Ukraine needs $7 billion a month to make up for losses

The war in Ukraine. Ukraine needs $7 billion a month to make up for losses

During the debate on aid to Ukraine, organized in Washington by the International Monetary Fund and the World Bank, the President of Ukraine, Volodymyr Zelensky, said that Ukraine will need hundreds of billions of dollars for reconstruction.

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See also: See also: Ukrainian companies operate despite the war. This is the Ukraine phenomenon.

He also called on the international community to exclude Russia from financial institutions and called on all countries to cut ties with Moscow immediately.

Ukraine counts losses

Ukrainian Prime Minister Denis Szmihal, who was also involved in the discussion, assessed that Ukraine’s GDP could fall by more than 50 percent this year.And his country will need a recovery plan similar to the Marshall Plan.

World Bank President David Malpass said so The material losses incurred by Ukraine so far due to the damage to buildings and infrastructure due to the Russian invasion amounted to about 60 billion US dollars. They will grow as the war continues.

Malpass added that the preliminary estimates do not take into account the increasing economic costs of the war for Ukraine.

Ukraine doesn’t just need money

The President of Ukraine, Volodymyr Zelensky, also on Thursday, but this time during a speech at the Portuguese Assembly in Republica, asked Portugal Delivery of Leopard tanks, armored personnel carriers and Harpoon anti-ship missiles to the Ukrainian army, So that Ukraine can defend itself against Russian aggression.

“When we address the countries of the free world, we talk about simple and understandable things. We demand armaments to defend ourselves against the brutal Russian incursion, which caused evils to our people like the Nazi incursion 80 years ago,” said Volodymyr Zelensky.

source:

Door