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West Leaders, CEOs Gather In Berlin For 'Marshall Plan' To Rebuild Ukraine

West Leaders, CEOs Gather In Berlin For 'Marshall Plan' To Rebuild Ukraine

NDTV
Tuesday, October 25, 2022 02:37:44 AM UTC

Russia-Ukraine War: Speaking at a business forum, Scholz said Germany wanted Ukraine one day to become a member of the European Union.

 National leaders, development experts and CEOs gather in Berlin on Tuesday for a conference on what its hosts say must be a "Marshall Plan" to rebuild Ukraine after Russia's invasion, now entering its ninth month.

The conference, hosted by German Chancellor Olaf Scholz and the European Commission, will not involve concrete pledges of cash towards the estimated $750 billion reconstruction cost, a task the hosts compared in scale to the United States' Marshall Aid programme for rebuilding Europe after World War Two.

Thousands have been killed, and homes and factories destroyed, since Russian President Vladimir Putin ordered the invasion of Ukraine in February, an act Western countries condemned as an imperialist land grab but which Moscow styles as a special military operation to rid its neighbour of extremists.

"The form of the reconstruction will shape the kind of country Ukraine will be in future," the two hosts wrote in the Frankfurter Allgemeine newspaper.

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