URC2024: The preliminary results from the Ukraine Recovery Conference in Berlin.

Wednesday, June 12, 2024

President Zelenskyy stated that, with the help of its partners, Ukraine will build up to one GW of gas-fired generator shunting capacity this year and another four GW in the coming years.
The Chancellor of Germany promised to transfer to Ukraine a third Patriot air defense system, IRIS-T missiles, Gepard anti-aircraft self-propelled guns, and additional missiles.
EC President Ursula von der Leyen said that Ukraine will receive €1.9B through the Ukraine Facility by the end of June. According to her, €500M have been mobilized for urgent power system repairs; 1,000 generators and solar panels will be provided. Also, in July, the EU will transfer approximately €1.5B in revenues from frozen Russian assets to Ukraine. The lion’s share will be directed to defense and 10% to reconstruction.
The EIB will provide more than €1B to support businesses and restore critical infrastructure. The Council of Europe Development Bank will give Ukraine another €100M loan for housing reconstruction.
Italy will provide Ukraine with €140M for reconstruction and is also preparing a new military aid package to strengthen Ukraine’s air defense.
The US will provide $824M to support Ukraine’s energy network. The countries are also working on allocating $7.8B in budget support and $1.5B for Ukraine’s economic recovery.

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