German Chancellor Olaf Scholz vows to help rebuild Ukraine

BERLIN: German Chancellor Olaf Scholz has vowed to provide wide-ranging assistance in rebuilding Ukraine, including aid for agriculture, the health sector and the restoration of the country's energy networks.

"Together with our partners, we will support Ukraine as long as necessary," Scholz said at the opening of a German-Ukrainian Business Forum in Berlin.

The restoration of the country will be "a generational task", he was quoted as saying by Xinhua news agency.

Rebuilding Ukraine will cost $349 billion, according to an analysis released in September by the World Bank, the European Union (EU) and the Ukrainian government.

This figure is equivalent to one and a half times Ukraine's gross domestic product (GDP) before the start of the conflict with Russia.

"Ukraine's needs for recovery and reconstruction are massive — and growing," said World Bank President David Malpass earlier this month. (IANS)

Also Read: Pakistan is out of Financial Action Task Force (FATF) Grey List, but will leopard change its spots on proxy terror?

Also Watch: