2023-06-21 08:25:00
Federal Foreign Minister Annalena Baerbock wants to stop the Russian war of aggression in Ukraine “Reconstruction Offensive” oppose The Greens politician said this shortly before the start of the Ukraine Recovery Conference in London on Wednesday and Thursday, according to a statement from the Federal Foreign Office.
Rebuilding the country is a “colossal task,” Baerbock said, adding: “In 2022 alone, Ukraine lost 29 percent of its gross domestic product, and inflation was up to 27 percent.” reconstruction will cost more than 400 billion US dollars (regarding 366 billion euros) over the next ten years.
Germany is providing “massive new humanitarian aid to help families worst affected by destruction, flooding and displacement,” said Baerbock. In the medium term it is regarding to support the financing of reconstruction. In the long term, the EU accession process will create the basis for a sustainable and prosperous Ukrainian economy.
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„Germany’s support is rock solid, today, tomorrow and the day following. Because for lasting peace it is not enough that Ukraine wins the war – we want it to become part of the European peace and prosperity project,” said the minister.
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For reconstruction: private investment needed
In order to manage the reconstruction, however, private investments are needed above all. Despite the war, many German companies are still active in Ukraine. That supports Berlin, for example through national investment guarantees.
Great Britain, which is hosting the conference together with Ukraine this year, is focusing not only on direct aid but also on promoting private investment in the country. As announced by the British government, there have already been signals Hundreds of international companies want to participate in the reconstruction of Ukraine.
In order to offer companies more security, the framework for one of the G7 countries should be covered at the conference war risk insurance be created, announced Sunak.
Demand: Ukraine should get a better grip on corruption
However, Kiev should also be held responsible for getting the problem of corruption under control and Use aid funds effectively and purposefully.
On the eve of the conference, US Secretary of State Antony Blinken warned in a meeting with his British colleague James Cleverly that strengthen democratic institutions. He also pledged the support of the United States and other allies.
More on Ukraine
Interview with Jens Stoltenberg “Putin wants a Europe in which Russia can dominate its neighbors” Ukraine’s counter-offensive How experts view the conquests at a snail’s pace After the Russian occupation Death lurks in the neighborhood
A video-transmitted speech by Ukrainian President Volodymyr Zelenskyy is expected to kick off the conference on Wednesday. Baerbock and EU Commission President Ursula von der Leyen and other politicians are also expected to speak at the conference. Germany wants to host the Ukraine Recovery Conference next year. (dpa)
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