Shmyhal: The restoration of Ukraine will cost 500 billion euros

This statement was made by Prime Minister Denys Shmyhal, reports Interfax-Ukraine. “When we talk about the recovery of Ukraine, it means that European companies can invest in such efforts. According to the latest estimates, the recovery will cost approximately 500 billion euros. Such a recovery can become the magnum opus for Europe, uniting and strengthening all our cooperation,” Shmyhal said at a joint meeting of the government of Ukraine and the European Commission in Kyiv.

The Prime Minister noted that Ukraine offers Europe significant strategic advantages: energy resources, important minerals such as lithium, titanium, uranium, natural gas, hydrogen, as well as food security.

“Our renewable energy potential can help the EU achieve its ambitious climate goals. Our gas storage facilities can serve as a reliable reserve in a crisis period... Ukraine is one of the European leaders in digital transformation and IT innovations, in both public administration and the private sector. Our unique digital solutions can enhance the efficiency of the EU and improve access to public services for European citizens,” Shmyhal added.

It is expected that in 2025, 1.7 trillion UAH (36.9 billion USD) will be received in the general fund of the state budget.