Ukraine says it needs $750 billion to recover from the war
During the second day of a conference in Switzerland on Ukraine’s future reconstruction efforts, a US envoy urged that allies must meet the “immediate and urgent” needs of Ukraine.
A day earlier, Ukrainian officials put the price tag for the country’s recovery from the war once it ends at $750 billion and said they want some of the funds to come from Russia’s frozen foreign currency reserves.
But Scott Miller, the US ambassador to Switzerland, said there also needs to be a focus on what Ukraine needs now. “While we recognize the importance of preparing for Ukraine’s future, all of us must also deliver on our commitments to provide Ukraine its immediate and urgent needs,” said Scott Miller, the US ambassador to Switzerland.
Since Russia invaded Ukraine, the US has committed about $54 billion to spend on supporting Kyiv in its war. The majority of the funds are going towards military spending, but the US has also allocated a sizeable chunk to economic assistance for Ukraine.
