‘Ukraine needs stable funding for reconstruction, and Western countries have the means to bring the aggressor to justice’

This was stated by Tetyana Khutor, Head of the Institute for International Relations, in an article for the Wilson Center, pointing to the situation with financing the reconstruction of Ukraine.

 ‘In February 2024, the estimated cost of rebuilding Ukraine was $486 billion, and the potential cost is up to a trillion,’ Tetyana Khutor said. In addition, the main financial burden falls on Western partners and Ukrainian taxpayers, not on the main culprits - Russia and its proxies.

 The head of the IIP emphasises that the use of $50 billion in proceeds from frozen Russian assets is an important, but not the last step. The next step is to use the entire $300 billion to compensate the victims.

 The issue of international corporations that continue to operate in the Russian market and provide funds to the aggressor state also remains relevant. The head of the Institute sees the solution to this issue in the introduction of a ‘sanctions fee’, as well as the use of funds from fines for evading EU and US sanctions.

 ‘Implementation of these measures will shift the financial burden to Russia and its accomplices, deterring aggression, further isolating Russia economically and ensuring that aggressive wars do not go unpunished,’ concludes Tetyana Khutor.