Ukraine may need up to 1 trillion euros (1.1 trillion dollars) of outside help to compensate the damage caused by the Russian invasion. This was stated by the head of the European Investment Bank (EIB) Werner Hoyer, writes Bloomberg.
“I called Trillion because I saw in the public space the numbers that I consider completely unrealistic when I look at the level of destruction in Ukraine,” Hoyer said.
At a briefing in Frankfurt, he said that Europe “should play the biggest role.”
As Bloomberg writes, this figure appears when the EU leaders will meet on June 23-24 in Brussels to discuss the reconstruction plan of Ukraine and its application for membership in the block.
The head of EIB added that the bank seeks to redistribute obligations in the amount of 1-1.5 billion euros to restore Ukraine. According to him, he can get permission for this this week.