$6.5 billion raised at donor conference for Ukraine – Economy – War in Ukraine

Ukrainian Prime Minister Denys Szmyhal, center, talks to European Commission President Ursula von der Leyen, left, and Finnish Prime Minister Sanna Marin, 2nd left, during the high-level international conference of donors for Ukraine at the National Stadium in Warsaw, Poland, Thursday, May 5, 2022. AP

Polish Prime Minister Mateusz Morawiecki, co-organizer of the conference, announced that $6.5 billion had been raised in donations, prompting applause from leaders and other officials present at the day-long meeting, including representatives United Nations and companies such as Google.

The pledges came from countries and companies, many of whom attended the conference in person at the National Stadium in Warsaw and others who made their pledges remotely. His co-host, Swedish Prime Minister Magdalena Andersson, said the sum exceeded their expectations.

Much of the world has responded to the war in Ukraine with an outpouring of humanitarian support. But as the war drags on, the humanitarian needs in Ukraine have become even more acute. In addition to the thousands of war dead, millions of people have been displaced.

Morawiecki said Ukraine needed more than 12,000 tonnes of humanitarian aid every day, but only 3,000 tonnes were arriving. He said the conference shows the world is not indifferent to Russia’s “genocidal war”.

Andersson said the goal was to help Ukraine both now and later.

“Ukraine will win this war and we will stand by your side,” she said.

European Council President Charles Michel said he hoped the conference could be the starting point for a “Marshall Plan” for Ukraine, referring to a US-sponsored plan that helped to revive European economies after the Second World War.

Ukrainian President Volodymyr Zelenskyy, addressing the conference via video, echoed Michel in saying that the funds for Ukraine reflect the Marshall Plan and reiterated hope that Ukraine can join the EU. He said the funding Ukraine receives would be an investment in the security of the entire region.

European Commission President Ursula von der Leyen said “hundreds of billions of euros and reforms” are needed to rebuild Ukraine and prepare for EU entry.

Ukrainian Prime Minister Denys Shmyhal, who was present in person, said he was grateful for the “crucial help” which comes at a time when “the fate of our state is being decided”.

He described his government’s post-war plans to “build back better” with technologically modern urban areas and energy-efficient buildings.

“The new Ukraine will be an example for the world,” Shmyhal said.

Google and COVID-19 vaccine maker AstraZeneca have joined nations in pledging help.

Short link:

Christi C. Elwood