Seizure of Russian funds for the reconstruction of Ukraine

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The governments of its member countries The European Union should consider seize foreign exchange reserves and other resources of Russia in their jurisdiction, which have been frozen, to be covered the cost of reconstruction of Ukraine after the war, he argued Head of European Diplomacy, Giuseppe Borrellduring an interview he gave to the newspaper Financial Times.

The cost of reconstruction is huge

In early March, the Chief Financial Officer of the Government of Ukraine, Oleg Ustenkoreported that the Russian invading forces, have so far destroyed infrastructure, buildings and other physical assets worth at least $ 100 billion. The war has caused the complete closure of 50% of Ukrainian companies, while the other half are operating far below their capabilities.

The cost of reconstruction that Ukraine will face when the war is over will be enormous, he concluded.

Source: ΑΠΕ-ΜΠΕ

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