The cost of Ukraine’s reconstruction will eclipse the Marshall Plan

Ukraine’s economic system is collapsing beneath the load of Russia’s invasion.

A latest report by the Kyiv College of Economics revealed that direct and oblique losses from the conflict vary from $564 billion to $600 billion (€568 billion), and will improve even additional because the battle drags on.

By comparability, the US-led Marshall Plan that introduced Western Europe out of the devastation after World Conflict II had an authentic price ticket of $13 billion, equal to over $155 billion in present costs.

With damages mounting throughout the nation, Ukrainian President Volodymyr Zelenskyy is asking Western nations to offer the federal government with at the least $5 billion a month to pay for important companies and hold the economic system afloat.

“It is a lot for our state. This isn’t doable for Ukraine. However that is doable for you,” Zelenskyy informed G7 leaders in video name final week.

All eyes flip now to Brussels, the place a restoration fund is within the works. However the EU can’t foot the invoice alone.

Watch the video above to be taught extra about Ukraine’s post-war reconstruction.