Fast-track EU membership and $800 billion: Media learns details of Ukraine’s prosperity plan
Photo: Ukrainian President Volodymyr Zelenskyy and US President Donald Trump (Office of the President of Ukraine)
The US and the European Union, as part of Ukraine’s prosperity plan, plan to raise $800 billion for the country’s reconstruction after the war with Russia ends. The plan is expected to be implemented over 10 years, Politico reports.
According to the outlet, Ukraine’s financial recovery strategy, included in the prosperity plan, is projected through 2040 and includes an operational 100-day plan to launch projects.
At the same time, as stated by the investment company BlackRock, which is advising on Ukraine’s reconstruction pro bono, attracting external capital will be challenging while active hostilities continue.
"Think about it. If you're a pension fund, you're fiduciary towards your clients, your pensioners. It's nearly impossible to invest into a war zone. I think it has to be sequenced and that's going to take some time," BlackRock’s vice chairman, Philipp Hildebrand, said on January 21 at the World Economic Forum in Davos.
The document foresees US investments in critical minerals, infrastructure, energy, and technology projects in Ukraine. However, according to Hildebrand, businesses will not be able to operate at full scale as long as drone and missile attacks continue on the eastern front.
The prosperity plan is part of a 20-point peace agreement that the US is trying to coordinate between Kyiv and Moscow. Its main goal is to ensure Ukraine’s transition from emergency aid to sustainable economic development.
According to the document, Washington acts not only as a donor but also as a strategic economic partner, investor, and anchor of trust for the country’s reconstruction. It also provides for the direct involvement of American companies and experts on the ground, with the US role as a mobilizer of private capital remaining key.
Ukraine’s prosperity plan
Previously, the media reported that Ukraine’s $800 billion Prosperity Plan could be signed by Ukrainian President Volodymyr Zelenskyy and US President Donald Trump at the World Economic Forum. However, the plans were ultimately changed.
An unnamed US official told Axios that the plan has not yet been finalized.
At the same time, on January 21, Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration, Taras Kachka, noted that the initiative has been coordinated at a technical level.
