5/24, 3:43 PM (Source: TeleTrader)
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Lindner: Costs to rebuild Ukraine impossible to predict

German Finance Minister Christian Lindner shared on Tuesday, after the meeting of European finance ministers in Brussels, that it is currently impossible to predict the costs of rebuilding Ukraine, as long as the conflict with Russia continues.

"The Ukrainian side doesn't talk a lot about reconstruction. The priority is stopping the war, the priority is securing the functionality of the Ukrainian state," underscored Lindner. The German financial minister stated that rebuilding Ukraine should not only be the European Union's responsibility but also of other international institutions such as the World Bank, International Monetary Fund, and the private banking sector.

Earlier, the European Commission proposed for "RebuildUkraine" to be set up, a recovery fund that would allow grants and loans of undefined sizes to be made. Lindner reiterated that Germany would not support any further joint EU debt at the moment.

Baha Breaking News (BBN) / AY