Zelenskyy: Ukraine estimates losses from Russian aggression at $800 bln
The ninth point of the draft plan to end the war in Ukraine proposes creating several funds to rebuild the Ukrainian economy, aiming to mobilize $800 billion through equity, grants, debt instruments, and private sector contributions to help Ukraine fully realize its potential, Ukrainian President Volodymyr Zelenskyy has said.
"$800 billion is our overall assessment of losses from this Russian war. This is what we're discussing with partners," Zelenskyy told journalists on Tuesday.
Under subparagraph A of the ninth point, the United States and European countries would establish a fund of capital and grants with a target of $200 billion for transparent and effective investment in Ukraine. However, Zelenskyy noted that the $200 billion target remains under discussion, as it's unclear whether Europe will agree.
"When we say 200, we mean America and Europe – America at 100, Europe at 100. We don't know for certain how this will work. We see the negotiation process between Ukraine and the United States, and also among some states' national security advisers. But Europe hasn't fully stated its position on everything yet, and this may change," the president explained.
Subparagraph B calls for deploying a wide range of capital investments and financial instruments for Ukraine's post-war reconstruction, with global reconstruction institutions using mechanisms to strengthen and facilitate these efforts.
Subparagraph C states that Ukraine will implement best global standards for attracting foreign direct investment.
Under subparagraph D, Ukraine reserves the right to compensation for damages caused, Zelenskyy said.
