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LONDON DAILY ARCHIVE

Global Leaders Pledge Billions in Aid to Help Rebuild Ukraine After Devastating War with Russia

Business leaders and politicians from around the world have gathered in London to pledge billions of euros in aid to help rebuild Ukraine, which has been devastated by a 16-month war with Russia.

21 June 2023 · 20:55 UTC

The cost of reconstruction is estimated by the World Bank to be over €366bn in the long-term, with €12.8bn needed in immediate aid.

The UK Prime Minister, Rishi Sunak, spoke at the conference, emphasizing the severity of the situation and the need for action.

The Ukrainian President also addressed the conference via video conference, praising the resilience of the Ukrainian people and their desire to rebuild.

The conference saw the participation of more than 60 countries, including Europe, the US, and Japan, and companies such as BT, Virgin, Philips, and Hyundai Engineering have committed to investing in Ukraine.