Ukraine says frozen Russian assets should be used to rebuild war-hit economy
by Larry Elliott Economics editor from Economics | The Guardian on (#6JN2Y)
Call comes as report puts reconstruction cost at nearly $500bn since start of conflict
Ukraine has called for frozen Russian assets to be used to rebuild the country's war-ravaged economy after a report showed the cost of reconstruction increasing to almost $500bn.
In their third assessment of the likely price tag for recovery and reconstruction after Russia's invasion two years ago, the World Bank, Ukraine's government, the European Commission and the UN said the war had caused the economy to shrink by more than 25% and had been a dramatic setback" to Ukraine's development.
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