€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…

Protecting Children from Unsafe Toys

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Photo by Nong on Unsplash MEPs have backed new rules that aim to decrease the number of unsafe toys sold in the EU single market and protect children better from toy-related risks. On Tuesday, the parliament’s Internal Market and Consumer Protection Committee approved its position on an update of EU rules on toy safety unanimously, with 37 votes…

Importance of Traineeships

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Photo by ThisisEngineering RAEng on Unsplash EU auditors say that traineeships have grown in importance as more and more young people in the EU complete a traineeship before they get a regular job.  In a review issued on 6 February the European Court of Auditors points to several challenges though. They say these include: varying definitions of traineeships,…

EU Railway Sector is the Gateway to the Future

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Photo by Pramod Kumar Sharma on Unsplash Senior MEP Ondřej Kovařík has urged the EU to push for a railway sector “that is attractive for skilled talents.” He was speaking at an awards ceremony in Brussels that recognises contributions to the European rail industry. The Renew Europe deputy announced the winner, stating: “I would advocate for a railway…

EU-27 Approve 50 Billion Euros for Ukraine

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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…

International Holocaust Remembrance Day

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Photo by Håkon Grimstad on Unsplash Irene Shashar, a survivor of the Warsaw ghetto, has addressed MEPs in a plenary session in Brussels to commemorate International Holocaust Remembrance Day. On a highly-charged occasion on Thursday she described how she survived the horrors of Nazism in Warsaw as a “Holocaust Hidden Child”. This involved fleeing through a sewer to…

Protests Against Far Right

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Photo by Mika Baumeister on Unsplash The protests against alleged fascism in Germany are “continuing the trend of mobilisation against the far right seen earlier in Spain and Poland,” according to the co-chairs of the European Green Party. The comments comes with tens of thousands of people protesting after “Correctiv” is said to have revealed a “secret conspiracy…