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The Guardian - UK
The Guardian - UK
World
Jennifer Rankin in Brussels

Revealed: EU plans loans and grants to help rebuild Ukraine

The former Azovstal iron and steel works in Mariupol
The former Azovstal iron and steel works in Mariupol. The EU estimates damage to physical infrastructure alone may run to more than €100bn. Photograph: Alexander Ermochenko/Reuters

Ukraine could receive loans, grants and possibly the proceeds of seized Russian oligarch property to help pay the multibillion-euro cost of rebuilding the country after the ruinous war launched by the Kremlin, according to a leaked EU reconstruction plan.

In the plan drafted in Brussels, the European Commission states that the Ukrainian government will have to take out loans to pay for rebuilding its war-ravaged country. Non-repayable grants from EU member states would provide another tranche of the funds needed to rebuild destroyed homes, schools, roads, railways, airports and bridges.

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