EIB: Ukraine’s restoration to require over $1 trillion

More than $1 trillion will be needed to restore Ukraine, President of the European Investment Bank (EIB) Werner Hoyer said at a briefing in Frankfurt, reported from UNIAN.

Europe will have to play the biggest role in the reconstruction of Ukraine, he noted. The EIB leadership is already working on allocating $1-1.5 billion for the reconstruction of Ukraine, he said.

Hoyer announced his forecast ahead of the European Union leaders’ meeting on June 23-24. At this summit, Ukraine can be granted the status of a candidate for the EU and the restoration of the country after the war may be discussed.

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