The United States and the European Union plan to raise about $800 billion to rebuild Ukraine and accelerate its path to EU membership. As Politico reports, the 18-page document outlines a 10-year development plan that envisions a large-scale reconstruction of the country after the end of the war with Russia. The European Commission has already sent the plan to European capitals.
The publication notes that the strategy for financing Ukraine’s recovery includes launching projects in 100 days and is designed to be implemented by 2040. At the same time, experts believe that active attraction of external investments is currently limited due to the ongoing hostilities.
“Think about it. If you are a pension fund manager, you are responsible to your clients and pensioners. It is practically impossible to invest in a war zone. I believe that everything should go in stages, and it will take time”, – BlackRock Deputy Chairman Philip Hildebrand said at the World Economic Forum in Davos.
The document provides for American investments in critical minerals, energy and technology projects, as well as in the infrastructure of Ukraine. Hildebrand noted that businesses will not be able to operate fully while drone and missile attacks continue in the east of the country.
The Prosperity Plan is included in the 20-point peace agreement that the United States is seeking to agree between Kyiv and Moscow. Its main goal is to transition Ukraine from emergency aid to sustainable economic development. Washington appears in the document not only as a donor, but also as a strategic partner, investor and “anchor of trust” for the country’s recovery, and American companies and experts are to directly participate in the implementation of projects.
