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Ukraine needs $1bn to promptly restore critical infrastructure - PM

The main priority now is the passage of the winter period.

Ukraine needs $1bn to promptly restore critical infrastructure - PM
Denys Shmyhal
Photo: kmu.gov.ua

Ukraine needs $1 billion to quickly restore critical infrastructure to get through the winter, Prime Minister Denys Shmyhal has said at a meeting of the OECD, the website of the Cabinet of Ministers reports.

According to the prime minister, the plan for the recovery of Ukraine after the war includes three stages. Currently, the main priority is the stage of survival - the rapid restoration of critical infrastructure and the energy sector for the winter period.

Recent Russian attacks have damaged half of Ukraine's energy infrastructure and destabilized the power grid. The introduction of scheduled and unscheduled power cuts has affected all sectors of Ukraine's economy and social life.

"The estimated cost of emergency support for the electricity sector is estimated at $500 million. The estimated cost of emergency support for centralised heating supply is estimated at another $500 million," Shmyhal said.

According to the report of the World Bank, the European Commission and the Cabinet of Ministers, the total needs for the reconstruction and recovery of Ukraine as of 1 June were estimated at $349 billion. According to preliminary updated estimates of the World Bank and the Government of Ukraine, the needs for reconstruction will increase to $500-600 billion.

Earlier, the prime minister said that after eight waves of missile attacks all thermal power plants and hydroelectric power plants in Ukraine were damaged.

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