EIB: Ukraine’s restoration to require over $1 trillion

More than $1 trillion will be needed to restore Ukraine, President of the European Investment Bank (EIB) Werner Hoyer said at a briefing in Frankfurt, Report informs referring to UNIAN.

Europe will have to play the biggest role in the reconstruction of Ukraine, he noted. The EIB leadership is already working on allocating $1-1.5 billion for the reconstruction of Ukraine, he said.

Hoyer announced his forecast ahead of the European Union leaders’ meeting on June 23-24. At this summit, Ukraine can be granted the status of a candidate for the EU and the restoration of the country after the war may be discussed.