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Reuters
Reuters
Business
Marc Jones

Exclusive-Top EU official backs multi-trillion plan to rebuild Ukraine

Ukraine Werner Hoyer European Union Europe European Investment Bank United Nations
FILE PHOTO: Local residents walk past a burned building during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine April 4, 2022. REUTERS/Alexander Ermochenko

A top European official has backed a multi-trillion-euro "Marshall"-style plan to rebuild Ukraine, pledging the firepower of the EU's lending arm for what he said must be a global rescue effort.

Werner Hoyer, president of the European Investment Bank (EIB), said Europe must not be left alone to foot the vast bill from Russia's invasion of Ukraine that he predicted could run into the trillions.

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