This is reported by the "Voice of America", referring to the Reuters agency.

The EZ-Ukraine Trust Fund will try to get the initial 20 billion euros in contributions from the EZ countries and the EZ budget in the form of grants, loans and guarantees.

The bank proposes to create a fund similar to the one used during the COVID-19 pandemic to guarantee the financing of small and medium-sized companies.

It envisages the allocation of 25 billion euros, which can lead to the mobilization of up to 200 billion euros.

The trust fund can contribute to the restoration of bridges, reconstruction of water supply and drainage systems, especially in cities whose population has increased due to migration from other areas of Ukraine after the February 24 Russian invasion.

Projects can also be aimed at supporting Ukraine's exports or developing its energy and digital infrastructure.

The fund is also intended to stimulate private business, which probably considers financing investments in Ukraine too risky.

Using a mechanism similar to the one used before means that it can be launched faster, so that the first investments can be approved before the end of the year.

First, the European Commission must agree with this proposal, and then it must be approved by the majority of EU countries.

After that, EU countries will decide whether they will contribute to the fund.

  • An international conference on the reconstruction of Ukraine after the war opened in Switzerland on June 4.

    Representatives of 40 countries and 18 international organizations are participating in the conference.

    The Ukrainian delegation included the head of the government Denis Shmygal and the chairman of the Verkhovna Rada Ruslan Stefanchuk.