Switzerland allocates more than 5 billion euros for Ukraine's recovery by 2036
Kyiv • UNN
Switzerland is pledging 5 billion Swiss francs (more than 5 billion euros) for Ukraine's reconstruction until 2036, sending a strong signal of solidarity with the victims and contributing to stability across Europe.
Switzerland is allocating 5 billion Swiss francs (over 5 billion euros) for Ukraine's recovery. Preliminary, this amount should be allocated by 2036. This was reported by UNN with reference to the press service of the Swiss government.
Details
It is noted that in this way Switzerland sends a "powerful signal of solidarity" with the victims and contributes to ensuring stability throughout Europe.
In total, 5 billion Swiss francs are planned to be allocated for this (restoration of Ukraine - ed.) until 2036. As a first step, about 1.5 billion Swiss francs are to be raised from the international cooperation budget by 2028. This amount clearly demonstrates Switzerland's solidarity with the people affected by the war in Ukraine and will increase stability on the European continent
Bern believes that this money will help prevent migration flows. According to the Swiss government, the total cost of the reconstruction work is estimated at about 440 billion Swiss francs.
They added that Switzerland is already supporting projects in Ukraine aimed at rebuilding the destroyed civilian infrastructure in the energy, road, and healthcare sectors.
Addendum
The Swiss government added that according to the World Bank's estimate, $486 billion is needed to rebuild Ukraine. This estimate is based on a damage and needs analysis co-financed by Switzerland.
Recall
Switzerland is planning to host a high-level peace conference on Ukraine in mid-June , with 80 to 100 countries, mostly from the Global South, to help end the war. Russia's participation remains uncertain.
