The European Union (EU) should establish a solidarity fund for the reconstruction of Ukraine.

APA reports quoting BBC that the statement came from German Chancellor Olaf Scholz.

He noted that the EU should prepare for the establishment of a fund to help rebuild Ukraine.

Scholz stressed the need for Ukraine to focus on pragmatic, urgent support.

"Rebuilding the destroyed infrastructure and reviving the Ukrainian economy will cost billions.

"As the EU, we need to start laying the groundwork for a solidarity fund to be funded by both the union and its partners."