Allies Pledge Billions For Ukraine Rebuilding
Ukraine’s allies pledged several billion dollars in non-military aid on Wednesday to rebuild its war-ravaged infrastructure, fight corruption and help pave the country’s road to membership in the European Union.
Stressing the vast scale of the task, diplomats and political leaders at the Ukraine Recovery Conference in London urged private-sector companies to invest and revive an economy battered by almost a year and a half of war.
Delegates from more than 60 countries attended the conference, which is both a fundraising forum and a message to Russia that Ukraine’s Western supporters are in it for the long haul.
The World Bank has estimated the cost of the reconstruction at more than $400 billion, a figure rising daily alongside the human toll of Russia’s invasion.
Politicians from Europe and the U.S. vowed that Russia would one day be made to pay for the destruction — though officials acknowledged that day is some way off.
