Russia’s war against Ukraine – all developments

Ukraine can hope for the establishment of an international solidarity fund. As announced by EU Council President Charles Michel on Friday evening, he has spoken to Ukrainian President Volodymyr Zelensky about the possible creation of such an aid instrument. This would provide liquidity for further support and serve as a long-term backbone for the reconstruction of a free and democratic Ukraine after the end of the war, the Belgian explained. Partners could therefore contribute to the fund via an international donor conference.

The reason given for the possible creation of the Solidarity Fund was that Ukraine needed access to international liquidity to finance the import of daily necessities and military equipment. Under the current circumstances, the country is unable to issue bonds on the international financial market to meet its needs. Private investments would also be deducted.

According to the information, the Ukraine Solidarity Fund is primarily intended to ensure the functioning of the state authorities in the short term and the continuation of defense efforts against Russia and emergency aid. In the long term, massive investments for the reconstruction of the economy could then be financed in order to anchor Ukraine economically in the West.


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