Switzerland will give 5 billion euros for the restoration of Ukraine

Switzerland will allocate 5 billion francs (over five billion euros) to Ukraine for reconstruction. Funds are planned to be sent in stages.

This is reported by RBC-Ukraine with reference to the Swiss government.

The Federal Council intends to intensify support for the recovery of Ukraine over the next several years.

It is planned to spend 5 billion Swiss francs by 2036. Taking into account the current financial situation of the Swiss federal government, the Federal Council proposed a phased approach: the support of Ukraine from the international cooperation budget until 2028 will amount to 1.5 billion Swiss francs.

In the period 2029-2036, the Federal Council also intends to explore other sources (besides international cooperation) from which the remaining 3.5 billion Swiss francs can be obtained.

In particular, the funds needed for reconstruction in Ukraine are estimated at 486 billion dollars (about 440 billion Swiss francs). This World Bank assessment is based on a damage and requires analysis co-financed by Switzerland.

"Switzerland is already supporting projects in Ukraine aimed at restoring the destroyed civil infrastructure in energy, roads, and health care," the message reads.

2036 - it's a joke? There is a critical situation at the front in Ukraine; there is not enough ammunition, equipment, and missiles. It’s convenient to promise for such a long period, isn’t it?

If you don’t help right now, you won’t need to give money.

Author - Serhii Kolomiets, 19/04/2024