'Marshall Plan' will not be: Ukrainian Ministry of Finance explains how they will rebuild Ukraine.

Ukraine's Deputy Minister of Finance Oleksandr Kava stated that the country's reconstruction requires over 520 billion dollars. This amount covers not only the restoration of infrastructure but also the modernization of the Ukrainian economy.

'This is already over 520 billion dollars,' Kava emphasized.

Funding is planned from frozen Russian assets and attracting both public and private capital. The money will be spent on transport, improving living standards, education, and healthcare.

Private investments and cooperation with international partners

According to Kava, the private sector will actively invest in agriculture, metallurgy, machine engineering, and IT. The government currently does not have a unified reconstruction strategy, but is negotiating specific projects with various countries, including the European Union and G7.

The Deputy Minister of Finance's remarks indicate the need for enormous funds for the country's reconstruction and modernization of the economy. Funding is planned from various sources, including frozen Russian assets and the private sector. There will also be cooperation with international partners for the successful implementation of projects.