Politics

EU-led Ukraine rebuild plan nears finish line

European Commission President Ursula von der Leyen on Thursday said that a multi-billion-dollar plan to rebuild Ukraine is close to completion.

BRUSSELS : Speaking after an EU summit in Brussels, von der Leyen said the European Union, the United States and Ukraine are nearing an agreement on a unified framework aimed at boosting Ukraine’s prosperity once a ceasefire or peace agreement is reached. She described the initiative as a shared roadmap reflecting collective international commitment to Ukraine’s future.

Von der Leyen noted that the framework is anchored in a single document representing the joint vision of Ukrainians, Americans and Europeans. The plan is based on a comprehensive needs assessment conducted by the World Bank, outlining priorities for recovery and long-term growth.

According to the European Commission President, the proposed strategy focuses on increasing productivity through business-friendly reforms, strengthening market competition, and accelerating Ukraine’s integration into the EU’s single market. She said these measures are designed to support sustainable economic recovery while aligning Ukraine more closely with European economic structures in the post-war period.

The EU, US, and Ukraine are close to agreeing on a framework to aid Ukraine's post-war recovery. The plan emphasizes business reforms, market competition, and EU integration, based on a World Bank assessment, to ensure sustainable economic growth.

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