€453 Billion to Rebuild Ukraine

The total cost of reconstruction and recovery in Ukraine in the next ten years is $486 billion (€452.8 billion), a new report says. This is up from $411 bn (€383 billion) estimated one year ago. This comes after almost two years of Russia's full scale invasion of Ukraine. This damage is the assessment by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations, all known as RDNA3. In 2024 alone, Ukrainian authorities estimate the country will need around $15 billion (€14 billion) for immediate reconstruction and recovery priorities at both the national and community level. The focus is on supporting and mobilizing the private sector alongside restoration of housing, soft infrastructure and services, energy, and transport. The RDNA3 highlights that while some $5.5 billion (€5.1 billion) of this funding has been secured, from both Ukraine's international partners and its own resources, about $9.5 billion (€8.9 billion) is currently unfunded. Prime Minister of Ukraine Denys Shmyhal said,"Despite the ongoing full-scale war, the Ukrainian government, with the support of international partners, continues to implement a rapid recovery programme. “The execution of the Third Rapid Damage and Needs Assessment (RDNA3) allows us to approach this process more systematically. We are grateful to the World Bank and other partners for this work. "We see that the needs for reconstruction have continued to grow over the past year. “The main resource for Ukraine's recovery should be the confiscation of Russian assets frozen in the West. We need to start this process already this year. “Concurrently, the Ukrainian government is creating conditions to attract private investments, which will accelerate the reconstruction process and transform our country on its path to the EU."

Photo by Robert Anasch on Unsplash The total cost of reconstruction and recovery in Ukraine in the next ten years is $486 billion (€452.8 billion), a new report says. This is up from $411 bn  (€383 billion) estimated one year ago. This comes after almost two years of Russia’s full scale invasion of Ukraine. This damage is the assessment…

EU-27 Approve 50 Billion Euros for Ukraine

Photo by Robert Anasch on Unsplash

Photo by Robert Anasch on Unsplash A leading think tank has welcomed news that leaders of the EU-27 have agreed an extra 50 billion euros support package for Ukraine within the EU budget. The decision was made at a summit of EU leaders in Brussels on 1 February. The move was greeted by Zsuzsanna Vegh, associate researcher at the…

Drone Strikes Against Russia

The geography of Ukrainian drone strikes on Russian targets is steadily expanding. Russian air defences are completely ineffective: enemy drones fly unimpeded to their targets anywhere in the European part of Russia, travelling over 1,500 kilometres and destroying Russian infrastructure. Drone attacks became more frequent in recent months, and in mid-January 2024 began to occur…

Voting at Gunpoint

Russia will hold another presidential election in March 2024. Given the totalitarian reality of Russia, there is no doubt that Putin will be re-elected for another 6 years, and that this will herald a period of geopolitical turbulence for Europe. Holding such elections in the temporarily occupied territories of Ukraine is a challenge for the…

The Gambia Supports Morocco’s Autonomy Plan for Western Sahara

Morocco The Gambia

The Republic of The Gambia reiterated on Thursday in Dakhla its “unwavering” support for the territorial integrity of the Kingdom and its endorsement of the Autonomy Initiative as the only “credible and realistic” solution for resolving the dispute over the Moroccan Sahara. This stance was expressed in a joint communiqué issued at the end of…

A Celebration of Humanity

Robert Burns

Tonight (25th January) we celebrate the life and poetry of Robert Burns, the national poet of Scotland. Honouring a national poet is something that Scotland shares with Ukraine, two of the few countries in the world to do so. Robert Burns is renowned for the respect in which he held his fellow man. He was…

Azerbaijan Delivers Rebuke to Josep Borrell

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Photo by İltun Huseynli on Unsplash Remarks made by Josep Borrell, EU High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission during the press conference following the Foreign Affairs Council held on 22 January 2024 have provoked a stiff response from Azerbaijan, through their spokesman for Foreign Affairs. Azerbaijan is aggrieved by the…

Morocco and Mauritania Strengthen Ties

Nasser Bourita the Moroccan Minister for Foreign Affairs African Cooperation and Moroccan Expatriates held a top level meeting in Rabat yesterday with the Foreign Minister of Mauritania Mohamed Salem Ould Marzouk. “His Majesty the King considers that Mauritania has its rightful place and importance in the Royal Initiative to promote access to the Atlantic Ocean…