Business news from Ukraine

German Chancellor and President of European Commission proposed to create a new “Marshall Plan” for Ukraine

24 October , 2022  

German Chancellor Olaf Scholz and President of the European Commission have proposed launching a new “Marshall Plan” for the post-war reconstruction of Ukraine.
This is stated in a joint article published in the Frankfurter Allgemeine newspaper.
“We are already thinking about rebuilding the country, even if peace still seems far away. Ukraine needs the prospect that it will be able to grow economically again as soon as the war is over,” the article says.
In their opinion, neither Ukraine nor individual partners are able to cope with the damage received on their own, since the preliminary amount reaches at least 350 billion euros. In this regard, Scholz and von der Leyen proposed launching an “inclusive donor platform” that would allow more transparent allocation of funds to restore the destruction in Ukraine.

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