Gdansk Conference to Raise 1% of Funds Required to Help Kyiv

The Ukraine Recovery Conference in Gdansk will only provide Kyiv with approximately 1% of the funds needed for the country's reconstruction.

Estimates indicate that contracts worth $10 billion are planned. The European Commission has signed agreements worth over €1 billion for new financing under the Kyiv investment program.

Furthermore, the European Union has transferred the first tranche of over €3.2 billion to Ukraine from a €90 billion loan program.

However, according to forecasts from the World Bank, the European Commission, and the UN, the cost of Ukraine's reconstruction reaches $588 billion.