During a conference in Berlin, German Chancellor Olaf Scholz urged private companies to invest in the reconstruction of Ukraine. He emphasized the need to provide a strong business case for investing in the country’s potential in sectors like renewables, IT, and pharmaceuticals. In addition to calling for private investment, Scholz announced that Germany would be sending more air defense systems, missiles, and munitions to help bolster Kyiv’s defenses against ongoing Russian attacks.
The conference in Berlin also aimed to showcase Ukraine’s readiness for European Union membership and attract funding for rebuilding efforts. This comes ahead of an upcoming international peace conference in Switzerland, which has raised concerns about including key players like China and Russia in the peace process. The energy sector has been severely impacted by Russian airstrikes causing damage to power generating capacity and leading to blackouts across the country.
One of the top Ukrainian reconstruction officials resigned from his position citing “systemic obstacles” hindering his work during the conference. Despite these challenges, the conference served as a platform to rally international support for Ukraine’s reconstruction efforts and highlight the importance of investing in its future growth and stability.
