Photo by Sergei Supinsky/AFP
Reuters: Ukraine targets initial $40 billion for 'Green Marshall Plan'
LONDON (Reuters) -Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said ahead of an international summit.
Politicians and financiers will discuss short-term funding issues as well as look at long-term reconstruction efforts at the two-day meeting, starting in London on Wednesday and co-hosted by Ukraine and Britain.
It is expected to launch a "war risk" insurance scheme to cover companies that begin investing in Ukraine again and see government officials discuss behind the scenes if and how to use frozen Russian assets to fund some of the rebuild effort.
The World Bank estimates Ukraine's reconstruction will cost more than $400 billion, three times the country's gross domestic product. Since Russia's invasion in February 2022, external backers have poured $59 billion into Ukraine to support it during the war.
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WNU Editor: I just finished talking to a friend who lives in Odessa. And all that he talked about (besides the war) was how bad the corruption has become in the country. Basically if you want something, be ready to pay a bribe.
I have zero confidence that the monies for this 'Green Marshall Plan', plus an EU financial package of $50 billion that is now being arranged, will go to the people who will rebuild the country. It is going to go somewhere else.
5 comments:
Wow more western monies being laundered through Ukraine. In real news Trump farted in a resteraunt and now faces charges pertaining to unregulated gas emissions.
Trump farted in eatery?
hardly: read the charges. And then read the charges that will come via Georgia.
Here is your man's response to Hunter, and you seem to follow his lead in what you say:
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“Wow! The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere ‘traffic ticket.’ Our system is BROKEN!” Trump wrote on Truth Social.
A spokesperson for MAGA Inc., a Trump-aligned super PAC, ripped the agreement as a “sweetheart deal” intended to “make their bogus case to ‘get Trump’ appear fair. "
compare the charges and stop playing with yourself.
Trump trial date set in documents case, but it's not likely to stick
The charges against Hunter are unusually high for what he had done.The charges brought against President Joe Biden’s son Hunter Biden are rarely prosecuted, legal experts say.
Under a plea deal reached with the U.S. Attorney's Office for the District of Delaware — an office headed by Donald Trump appointee David Weiss — Hunter Biden will plead guilty to two misdemeanor charges of failing to pay taxes, which he later reimbursed. Biden also faces a felony gun charge — possession of a firearm by a person who is an “unlawful user of or addicted to any controlled substance” — but it is likely to be dismissed if he meets certain conditions under the plea agreement, according to court documents.
Blinken successfully turned Ukraine into Afghanistan, but not for the Russians. For us.
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