The program of restoration of Ukraine will become the largest reconstruction project since the World War II. The Government has already identified 4 key sources of financing. This was stated by Prime Minister Denys Shmyhal during a Government session on January 10.

“Firstly, these are confiscated russian funds. The Government has already transferred UAH 17 billion of confiscated funds of russian banks to the budget Fund for the elimination of the consequences of armed aggression. The process of confiscation of russian assets in Ukraine continues. We are working to start it in the allied countries as well,” the Prime Minister stressed.

The second source of funding, according to the Prime Minister, is directly from the state budget. This year UAH 35.5 billion will be allocated to the Fund for the elimination of the consequences of armed aggression at the expense of a part of NBU’s profit.

“The third source is the funds of international partners. There are already first steps in this direction. The USA has decided to allocate USD 1.4 billion or over UAH 56 billion for the restoration of Ukraine. We expect the receipt of these funds in the near future,” said Denys Shmyhal.

The fourth source is donor funds from around the world, which are collected through the United24 platform initiated by President of Ukraine Volodymyr Zelenskyy. According to the Prime Minister, the first projects have already been selected. There are corresponding funds. Hundreds of families will be able to return to their homes and normal life.

According to the Head of Government, currently, the total amount of funds for the restoration from already known sources is about UAH 110 billion. In total, this year Ukraine expects to receive USD 17 billion or UAH 680 billion for the priority restoration of damaged and destroyed property.