Ukraine will need a 'Marshall Plan' for reconstruction, Scholz says

Olaf Scholz, German Chancellor

© APA | Olaf Scholz, German Chancellor

# 22 June 2022 22:20 (UTC +04:00)

Rebuilding Ukraine will take "generations" and require funding akin to the post-WWII Marshall Plan, said Olaf Scholz, German Chancellor, APA reports citing Daily Times.

While the European Union has already mobilised billions for Ukraine, the country will require many more billions in the next year, said Scholz.

The financial needs can only be covered with the participation of international organisations and other large donor countries, he said.

Scholz underlined that backers of Ukraine must be prepared to maintain their support for a long time.

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