Leaders at Rome Conference Commit Over €10 Billion to Ukraine
The ongoing Ukraine-Russia conflict has left the war-torn country reeling, with immense damage to its infrastructure, economy, and human life. In an effort to support Ukraine’s economic recovery, a Rome conference hosted by Italy has committed over €10 billion to the country. The event, which took place recently, is the fourth such conference since Russia invaded Ukraine in February 2022.
According to Italian Prime Minister Giorgia Meloni, the pledged amount is a significant step towards helping Ukraine rebuild and recover from the devastating effects of the war. “Italy and Germany, as they did after World War II, are today committed to supporting Ukraine’s reconstruction,” Meloni said, highlighting the parallels between Ukraine’s current situation and the post-war recovery of Italy and Germany.
German Chancellor Friedrich Merz echoed Meloni’s sentiments, stating that the conference was a crucial step towards supporting Ukraine’s economic and social reconstruction. “We want to help Ukraine rebuild and recover, just as we did after World War II,” Merz said. “We want to support Ukraine’s sovereignty, stability, and prosperity.”
The Rome conference brought together leaders from various countries, including Italy, Germany, France, and the United States, among others. The event aimed to discuss ways to support Ukraine’s economic recovery, including infrastructure development, energy security, and social assistance.
The pledged amount of over €10 billion is a significant boost for Ukraine, which has been struggling to recover from the devastating effects of the war. The country has faced immense damage to its infrastructure, including roads, bridges, and buildings, which has disrupted essential services such as healthcare, education, and energy supply.
The conference also emphasized the need for long-term support for Ukraine, with many leaders emphasizing the importance of a sustainable and stable economic recovery. “Ukraine’s reconstruction is not just a short-term challenge, but a long-term process that requires sustained support and cooperation,” said Meloni.
The Rome conference is the latest in a series of international efforts to support Ukraine’s economic recovery. In June 2022, the United States pledged $40 billion in financial support to Ukraine, while the European Union has committed €2.5 billion in humanitarian aid. The international community has also established a range of programs and initiatives aimed at supporting Ukraine’s economic recovery, including the Ukraine Recovery Fund, which was launched in March 2022.
The Ukraine Recovery Fund is a joint initiative of the European Union, the United Nations, and the World Bank, aimed at supporting Ukraine’s economic recovery and rebuilding efforts. The fund has received pledges of over $10 billion from various countries, including the United States, Japan, and Canada.
The Rome conference is a significant step forward in the international community’s efforts to support Ukraine’s economic recovery. The pledged amount of over €10 billion is a clear indication of the international community’s commitment to supporting Ukraine’s rebuilding efforts.
In conclusion, the Rome conference has sent a strong message of international support to Ukraine, pledging over €10 billion to help the country recover from the devastating effects of the war. The conference has highlighted the importance of long-term support for Ukraine, emphasizing the need for sustained efforts to support the country’s economic recovery.
News Source:
https://ddnews.gov.in/en/conference-commits-over-10-bln-euros-to-ukraine-rebuilding-italy-says/
