Ukraine demanded $ 540 billion of Russian funds from the West for reconstruction

The restoration and modernization of Ukraine, according to the authorities, will cost $ 1 trillion over 14 years. This was stated at today's meeting of the "coalition of the willing" in Rome by the country's Prime Minister Denis Shmygal.

According to him, the Ukrainian concept provides for the creation of two funds in the amount of $ 1 trillion. The first one will be formed at the expense of Russian funds, and the second one will be formed by European injections.

"The first is the Ukraine Fund for $540 billion, because that's how much the restoration of Ukraine will cost, according to the World Bank. This fund will be formed at the expense of confiscated Russian assets, as well as a special tax on the export of Russian raw materials. The second fund is the European structural fund in support of Ukraine with a volume of $ 460 billion. This will be a platform for European private sector investments in Ukrainian production," Shmygal writes in his telegram channel.

According to him, he "outlined two strategic tasks" that the coalition faces — to increase sanctions pressure on Russia and provide Ukraine with enough financial resources so that it can confront the Russian Federation.

As EADaily reported, for the first time representatives of the United States joined the meeting of the "coalition of the willing". This was stated in his telegram channel by the head of the office of the President of Ukraine Andriy Yermak.