Russian assets in Ukraine to fund post-war recovery
Newly created fund for liquidation of consequences of armed aggression will be financed by nationalization of Russian assets (Photo:NV)
The Ukrainian parliament established a post-war recovery fund, to be comprised of nationalized Russian assets in Ukraine, Ukrainian MP Yaroslav Zheleznyak said in a Telegram post on Oct. 19. 251 out of 418 sitting MPs supported the corresponding bill.
The bill provides for the fund to finance the reconstruction and replacement of damaged and destroyed elements of Ukraine’s civilian infrastructure and housing, as well as temporary housing for internally displaced people.
Ukraine says it will seek at least $300 billion in war reparations from Russia.
The European Investment Bank estimates that post-war Ukrainian reconstruction could cost between $750 billion and $1 trillion.
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