World Bank official reveals how much Ukraine needs for post-war revival

The amount of funds for the post-war reconstruction of Ukraine has been revealed by a World Bank top official.

In an interview with the Austrian newspaper Die Presse, Vice President of the World Bank, Anna Bjerde said this would cost about EUR 500-600 billion, Ukrinform reports.

"Previously, we published a figure that was calculated jointly with the European Commission and Ukrainian Government. How much money is needed to rebuild Ukraine and bring it up to European standards, for example in terms of energy efficiency? As of early June, it was about EUR 350 billion," said Bjerde.

She added that now this figure has increased significantly: "This is definitely an increase to EUR 500-600 billion."

According to the vice president of the World Bank, a big road map like the "Marshall Plan" is needed to restore Ukraine, which should be a "combination of public and private money."