Reuters. German Chancellor Olaf Scholz on Tuesday (June 11) rallied private companies to put their money into rebuilding Ukraine, as he launched a conference in Berlin dedicated to mobilising international support for post-war reconstruction.
Citing World Bank estimates that Ukraine could need $500 billion over a decade, Scholz said companies had to be offered a business case for investing and talked up Ukraine's potential in sectors including renewables, IT and pharmaceuticals.
He also said Germany was sending more air defense systems, missiles and munitions to bolster Kyiv's defenses against a barrage of Russian attacks on cities and critical infrastructure. "The best kind of reconstruction is the one that doesn't have to happen at all", Scholz said.
Kyiv hopes the recovery conference will cement its credentials as a future member of the European Union that is worthy of huge injections of reconstruction financing even as Russian forces continue to make slow advances in Ukraine's east.
It comes days before Switzerland hosts an international conference to find a path to peace in Ukraine but which has been shunned by China and dismissed as a waste of time by Russia, which was not invited to attend.
