LONDON: Britain, the United States and the European Union pledged on Wednesday (Jun 21) billions of dollars more help to rebuild Ukraine, with British Prime Minister Rishi Sunak launching a war insurance framework to try to spur companies to invest. While welcoming the support, the answer from Ukrainian Pr
LONDON: Britain, the United States and the European Union pledged on Wednesday billions of dollars more help to rebuild Ukraine, with British Prime Minister Rishi Sunak launching a war insurance framework to try to spur companies to invest.
Addressing the key difficulty for most companies wanting to invest in Ukraine - insurance against war damage and destruction - Sunak announced the London Conference Framework for War Risk insurance, which could pave the way for de-risking investment, though he was light on details. European Commission President Ursula von der Leyen said the EU would provide Ukraine with €50 billion for 2024-27, while US Secretary of State Antony Blinken offered US$1.3 billion in additional aid.
Ukraine is seeking up to US$40 billion to fund the first part of a"Green Marshall Plan" to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said before the conference.
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