Today at 18:04
European Commission President Ursula von der Leyen announced on Thursday the establishment of the European Recovery Fund for Ukraine, in partnership with the EU, Italy, Germany, France, and Poland.
She made the announcement while speaking at the Ukraine Recovery Conference in Rome.
“I am especially pleased to announce today the creation of the European Flagship Fund for Ukraine’s recovery — the world’s largest equity fund to support reconstruction,” she stated.
Von der Leyen added that, together with the private sector, the fund will launch investments in energy, transport, critical raw materials, and dual-use sectors.
“We are literally investing in Ukraine’s future — using public funds to attract large-scale private sector investments and help rebuild the country. I’m especially glad and deeply grateful that we are doing this together with Italy, Germany, France, Poland, and the European Investment Bank. Thank you for your commitment,” von der Leyen said.
President Volodymyr Zelenskyy, speaking in Rome, urged international partners to form a recovery coalition and to follow a “Marshall Plan-style” approach in rebuilding Ukraine.
Read also: Zelenskyy in Rome Urges Partners to Rebuild Ukraine with a “Marshall Plan” Approach
