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Ukraine says US$ 750 bil. is needed for its recovery following Russia's invasion Updated: 2022-07-05 17:01:31 KST

Ukraine says it needs 750 billion U.S. dollars from the international community for its three-stage plan to rebuild from the war.
Ukrainian officials say that, so far, Russia's military actions have resulted in over 1-hundred billion dollars of direct damage to the country's infrastructure.
Kim Hyo-sun has this report.

750 billion U.S. dollars is what Ukraine estimates will be needed for the country's recovery in the wake of Russia's invasion.
Addressing major international leaders during a two-day Ukraine Recovery Conference in Switzerland, the Ukrainian Prime Minister explained that the direct damage to the country's infrastructure totals over 1-hundred billion dollars.

Today, the direct infrastructure losses of Ukraine stand at over $100 billion. More than 1,200 educational institutions, more than 200 hospitals, thousands of kilometers of gas pipelines, water and electricity networks, roads and railway tracks were destroyed or damaged.

He then added that a three-stage recovery plan is needed.
This, he says involves immediate recovery of what is critical for people's lives, fast recovery, as well as a long-term transformation.
He also highlighted that the key source of recovery should be the confiscated assets of Russia and its oligarchs, adding they should be responsible for the war that they have unleashed.
Against this backdrop, Ukrainian forces were taking up new defensive lines in the eastern part of the country.
This comes as Russian President Vladimir Putin hailed Moscow's victory after months of battles fought over Luhansk.
During a televised meeting, Putin congratulated the country's forces on what he described as the (quote) "victories in the Luhansk region."
The battle is seen as the closest Russia has come to achieving one of its objectives since its forces were defeated trying to capture Ukraine's capital city in March.
Kim Hyo-sun, Arirang News.
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