Ukraine requires $1T for its reconstruction, Prime Minister Denys Shmyhal states at URC2025.

Over 14 years, Ukraine aims to develop two major funds. The first, the $540B Ukraine Fund, is based on the World Bank’s estimate of rebuilding costs and will be managed by Ukraine. It will be financed through confiscated Russian assets and a special tax on Russian raw material exports. The second, the European Structural Fund for Ukraine, worth $460B, is intended to attract European private sector investments to boost Ukrainian production. Shmyhal highlighted that projects financed by these funds would benefit Ukraine and the broader European economy and businesses.

“We invite our European partners to invest in European defense by co-financing the Ukrainian military,” he said.

Current military spending is $100-120B, with €50B needed annually during peacetime, excluding weapons manufacturing. “We expect that the EU will provide half of this amount,” the prime minister emphasized, adding that Ukraine is ready to become a guarantor of European security.