EU aims to set up 'trust fund' for reconstruction of democratic Ukraine
Source: Guardian
The European Union aims to establish a trust fund for Ukraine while it battles Russias invasion and rebuilds afterwards, as the countrys president, Volodymyr Zelenskiy, told Italys parliament his people were clinging to survival.
Leaders from the 27-nation bloc will gather in Brussels on Thursday to discuss its response to Moscows onslaught on Ukraine, including a longer-term financial support mechanism beyond the 1.2bn in emergency funding already agreed.
According to a draft document seen by Agence-France Presse, the EU will commit to provide support to the Ukrainian government for its immediate needs and, once the Russian onslaught has ceased, for the reconstruction of a democratic Ukraine.
The document did not provide details on the size of the Ukraine solidarity trust fund or how it might work, but said the European council expected preparations to start without delay and would call an international conference to raise cash.
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Read more: https://www.theguardian.com/world/2022/mar/22/eu-aims-to-set-up-trust-fund-for-reconstruction-of-democratic-ukraine
SunSeeker
(51,368 posts)But first we need to get Putin the fuck out of Ukraine.
ancianita
(35,812 posts)That's one of many ways to "raise cash" and seems the most obvious.
Rebuilding Ukraine's infrastructure from this trust fund would allow the EU to monitor how the money's spent, which can help decouple Ukraine from its previous, more corruptly run economy, which then qualifies it for NATO membership.
That's good as far as it goes. For the rest of its people, rebuilding human infrastructure will be a whole nother thing.
Will refugees return? Will NATO build military bases in Ukraine?
To help it stay rebuilt, will there be an impenetrable physical and digital NATO wall, a DMZ, maybe, along the Ukraine-Russia border?
SunSeeker
(51,368 posts)Make Russia's oligarchs pay for the reconstruction! Sell the yachts!
LiberalLovinLug
(14,154 posts)Why should it be up to the rest of the world to pay for Ukraine's reconstruction?
So Putin can just again go into another country and flatten it to rubble. If it doesn't go well, he can just retreat, lick his wounds while the rest of the world has to pay for the reconstruction?
ancianita
(35,812 posts)It's not even ready to admit defeat. It should have to pay for its war crimes, restitution for the mass murder of Ukraine innocent civilians in the form of even harder Western sanctions, to the point where its generals have no resources and cry surrender, meeting Ukraine's terms, and their boss is charged and tried in absentia in the Hague.
The payment it should be forced to make is the return of the real estate it stole from Ukraine under pretext.
And the rest is Russia's money sitting in the West, right?
Biden's going to Brussels. We will see what the 27 work out by their actions, not their official pronouncements. I don't think a Putin retreat will be acceptable.
We have to accept that Brussels and Biden won't give us details because Russia is listening, and forewarned is forearmed.
War is fluid and we've got to trust our commander on this, right?
lagomorph777
(30,613 posts)I hope.
PatSeg
(46,799 posts)Appropriate war debt.
paleotn
(17,778 posts)and whatever else the west can confiscate as reparations. And some thought Germany got a raw deal in 1918. Ain't seen nothing yet.
notinkansas
(1,095 posts)You break it, you pay for it. Won't say 'buy it' because they won't own it.