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