Wall Street

EBRD prepares to raise more funds to rebuild Ukraine

Published by
Reuters UK

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – The European Bank for Reconstruction and Development (EBRD) said it is preparing to raise additional funds for the reconstruction of Ukraine after Russia’s invasion, after pledging to spend 1 billion euros in the country in 2022. The European Union has estimated that the overall cost of the damage to Ukraine as a result of what Moscow calls a “special military operation” could stand at between 500 billion euros ($530 billion) and 600 billion euros. “(We) expect to get donors funding in particular for the reconstructio…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street