Berlin/Neuhardenberg (Germany) – Ukraine believes that it will need about 350 billion dollars (CZK 8.6 trillion) to rebuild the war-torn country. German Minister of Economy Robert Habeck said this today before the meeting of representatives of the group of developed countries G7. He added that this is an estimate of the government in Kyiv. The minister also said that he sees the possibility of democracy winning in Ukraine.
“You can already see that this could end up being a victory for freedom and democracy,” Habeck told reporters after a meeting with Ukraine’s Economic Development and Trade Minister Yulia Svyrydenko.
Habeck said rebuilding Ukraine will require more than public money can provide. According to him, it is necessary to create a global fund, which will also include money from private investors or hedge funds.
The plans include using trade as a tool to stabilize Ukraine, Habeck said. According to him, Germany also counts on additional supplies of weapons to Ukraine, but it will depend on the progress of the war.
Federal Chancellor Olaf Scholz is cautious about possible supplies of tanks and combat vehicles to Ukraine and repeatedly emphasizes that Germany will proceed exclusively in agreement with allies, especially the United States. He also points out that Germany overstepped its bounds in February when it started sending weapons to Ukraine. However, some members of the government coalition want to supply more heavy weapons, including Leopard 2 tanks. Kyiv has repeatedly requested these from Berlin.
In an interview with the Frankfurter Allgemeine Zeitung, German Foreign Minister Annalena Baerbock said that she is in favor of a decision as soon as possible whether Germany will comply with the request for Leopard 2 tanks. She added that such a decision should be made within the government coalition and also at the international level.
Germany Russia Ukraine diplomacy economy finance G7