Russian assets to stay frozen until Ukraine gets compensation, EU says
The European Council also pledges military and financial support for Ukraine, including 16.2 billion euros in 2024 payments and equipment delivery commitments.
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Ukraine reconstruction
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“Now we make Russia pay”: EU to transfer first $ 1.6 bn in frozen Russian assets to Ukraine
The $1.6 billion in revenue from immobilized Russian assets will be allocated with 90% directed towards defense and 10% towards reconstruction efforts, as announced by European Commission President Ursula von der Leyen at the Ukraine Recovery Conference 2024.
Rebuilding what Russia destroyed during two years would take at least five years – Ukraine MP
"In 2023 alone, we received 98,000 claims for damaged housing, with 52,000 of those already processed and 5 billion hryvnias (135 million USD) distributed in compensation," Shuliak stated.
PACE adopts resolution to use Russian assets for Ukraine’s reconstruction
PACE adopts resolution to facilitate Ukraine's reconstruction using frozen Russian assets for an international compensation fund and establishing a claims commission.
Denmark allocates $1.45 mn for Ukraine’s reconstruction, boosts municipal collaboration
The funding will support collaborations between the Danish municipalities of Aarhus and Copenhagen and the Ukrainian cities of Lviv, Kyiv, and Mykolaiv.
World Bank: Ukraine’s recovery costs rise to $486 billion
The World Bank estimates Ukraine's reconstruction and recovery costs at $486 billion over the next decade, up from $411 billion a year ago.
Estonia to provide €14 million annually in development aid for Ukraine
Estonia’s annual support package for Ukraine aims to bolster Ukraine’s economy through business cooperation and to aid in the country’s post-war reconstruction.
Lithuania to redirect sanction violation fines for Ukraine’s reconstruction
The Lithuanian parliament has unanimously agreed to redirect fines collected from international and national sanctions violations into a fund dedicated to Ukraine’s reconstruction and recovery.
Reuters: Czechia,Taiwan to help reconstruct Ukraine
Czechia and Taiwan have signed an agreement to joint efforts in reconstruction work in Ukraine, according to Reuters.…
Japan to set up reconstruction liaison system with Ukraine – Nikkei
Japan has agreed with Ukraine to establish a liaison system to support Ukraine's efforts to reconstruct areas severely…
Italian credit agency SACE to allocate additional USD 1.1bn for Ukraine – Ukraine’s PM Shmyhal
In addition to the previously announced €500 million ($522 million), the Italian Export Credit Agency SACE will allocate…
Ryanair has plans for 30 routes and multiple bases in Ukraine once it is safe
Ryanair's CEO, Michael O'Leary, announced that the company has hired Ukrainian pilots and cabin crew and is ready…
Ukraine’s Foreign Minister invites Kuwait to join Ukraine reconstruction
During the official visit to the State of Kuwait, Ukraine's Foreign Minister Dmytro Kuleba called on the country…