Europe Establishes Ukraine Recovery Fund
European Commission President Ursula von der Leyen announced on Thursday the creation of a European Fund for the Reconstruction of Ukraine in cooperation with the EU, Italy, Germany, France and Poland. She made the announcement while speaking at the Conference on the Recovery of Ukraine in Rome.
The Gaze reports on this with reference to European Pravda.
‘I am particularly pleased to announce today the creation of the European Flagship Fund for Ukraine's Recovery, the world's largest equity fund to support recovery,’ she said.
Von der Leyen added that, together with the private sector, this fund will kick-start investments in energy, transport, critical raw materials and dual-use industries.
"We are literally investing in Ukraine's future, using public funds to attract large-scale private sector investment and help rebuild the country. I am particularly pleased and sincerely grateful that we are doing this together with Italy, Germany, France, Poland and the European Investment Bank. Thank you for your commitment," von der Leyen said.
As The Gaze reported earlier, the European Union is weighing a proposal to create a €100 billion fund for Ukraine as part of its next seven-year budget framework, aiming to ensure sustained support for Ukraine.