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Viewsroom

Rebuilding Ukraine: how much and who pays?

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 22 June 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Talk of reconstruction may seem premature with Russia still firing missiles at Kyiv. Yet that’s what policymakers and financiers gathered in London this week to debate. In this Viewsroom podcast, Breakingviews columnists discuss the cost, the timetable, and who picks up the tab. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot to learn more.

0:30.3

The views expressed on this podcast are those of the participants, not award's news.

0:37.7

One of the key questions we are constantly facing is who will pay the hundreds of billions

0:44.5

for the recovery. First and foremost, Russia must pay for what it has destroyed.

0:53.2

That was Ukraine's Prime Minister, Dennis Schmihar, speaking this week at the opening of the

0:58.4

Ukraine Recovery Conference in London.

1:01.0

The question of how to rebuild the war-torn country after Russia's invasion, when to start,

1:06.8

and who will foot the bill is the subject of this week's view.

1:11.2

Welcome back to the views, a podcast from Reuters Breaking Views,

1:14.5

where columnists from around the world talk about the big stories of the week.

1:18.0

I'm your host Peter Tharlassen, standing in this week for Amy Donald.

1:22.7

The World Bank earlier this year estimated the cost of rebuilding Ukraine at $411 billion, and that figure is

1:31.0

rising by the day. Just one example, the destruction of Ukraine's attack of our dam earlier this month,

1:37.0

which led to widespread flooding caused more than a billion dollars in damages, the government record.

1:42.8

Governments are chipping in. The European Union has

1:45.1

offered another 50 billion euros in support, and the United States and others are also helping out.

1:51.9

But officials and financiers in London are also debating ways to unlock private capital to help fund

1:57.1

the reconstruction while insisting on sending Russia the final deal.

...

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