Ukraine PM reveals amount of funds needed to rebuild country

According to preliminary estimates, $565 billion is needed to rebuild Ukraine after the war with Russia, Ukrainian Prime Minister Denys Shmyhal has said.

Report informs, citing Ukrinform, that Shmyhal made the remark after a meeting with Prime Ministers Mateusz Morawiecki of Poland, Petr Fiala of the Czech Republic and Janez Jansa of Slovenia, and Poland's Deputy Prime Minister Jaroslaw Kaczynski.

"Preliminary estimates say that direct one-time losses for Ukraine are currently estimated to be worth $565 billion," Shmyhal said.

"We believe that our partner countries will also join this large-scale plan," Shmyhal said.

At the same time, he said that a group has been set up in the government to assess the losses inflicted on the Ukrainian economy due to Russia's military actions.