Ukrainian President Volodymyr Zelenskyy has called for immediate assistance in repairing his country's electricity network and long-term investments in its energy system at a conference aimed at garnering support for Ukraine's recovery from the devastation caused by Russia's war. The two-day Ukraine Recovery Conference in Berlin, attended by 2,000 individuals from various sectors, is a follow-up to a similar event held in London a year ago.
Zelenskyy highlighted the urgent need for equipment to restore heating and electricity plants that have been incapacitated due to recent Russian attacks on Ukraine's power grid. He emphasized that nine gigawatts of electricity generating capacity have been destroyed, posing a significant challenge to meeting the country's energy demands.
Looking towards the future, Zelenskyy stressed the importance of foreign investments in Ukraine's energy sector, citing the potential for mutual benefits. He urged potential investors to consider the opportunities for high-yield investments, job creation, and market expansion that Ukraine offers.
German Chancellor Olaf Scholz echoed Zelenskyy's sentiments, noting that the World Bank estimates nearly $500 billion will be required over the next decade for the reconstruction and modernization of Ukraine. Scholz emphasized the business potential of supporting Ukraine's recovery, pointing out the country's recent electricity exports to the European Union as a testament to the benefits of investment.
The conference also addressed the need for reforms in Ukraine as it seeks to join the EU. However, challenges within the Ukrainian government were highlighted, with the resignation of the head of the State Agency for Restoration of Ukraine and the absence of a dedicated reconstruction minister.
Zelenskyy, in his third visit to Berlin since the start of Russia's invasion, is expected to address the German parliament and seek further support for Ukraine's defense capabilities. The ongoing conference underscores the international community's commitment to aiding Ukraine in its recovery and reform efforts.
For more updates on the war, visit AP's coverage.
