Site icon Ortho Songbad English

Ukraine’s ‘Marshall Plan’: Berlin gathering weighs $750bn rebuilding

ukraine

National leaders, development experts and CEOs gather in Berlin on Tuesday, 25 October for a conference on what its hosts say must be a “Marshall Plan” to rebuild Ukraine after Russia’s invasion, now entering its 9th month.

The conference, hosted by German Chancellor Olaf Scholz and the European Commission, won’t involve concrete pledges of cash towards the estimated $750bn renovation cost, a task the hosts compared in scale to the United States’ Marshall Aid program for rebuilding Europe after World War II.

Thousands were killed, and homes and factories destroyed, since Russian President Vladimir Putin ordered the invasion of Ukraine in February, an act Western countries condemned as an imperialist land grab but which Moscow styles as a special military operation to rid its neighbor of extremists.

“The form of the reconstruction will shape the kind of country Ukraine will be in the future,” both hosts wrote in the Frankfurter Allgemeine newspaper.

“A law-governed state with strong institutions? An agile and modern economy? A lively democracy that belongs to Europe? While one should always be cautious with historical comparisons, this is no less than a Marshall Plan for the 21st century,” they wrote.

Speaking at a business forum, Scholz said Germany wanted Ukraine one day to become a member of the European Union, a fact donors should consider when faced with the vast sums reconstruction would cost.

“Putin’s war has welded our countries together,” he told the forum.

Share this
Exit mobile version