Restoring controlled areas Kiev Donbass will cost $ 2 billion – RBC

Restoring controlled areas Kiev Donbass will cost $ 2 billion – RBC

Finance Minister Oleksandr Shlapak

Photo: REUTERS 2014

Restore controlled areas of Donbass Ukraine will cost at least $ 2 billion, told reporters in Washington, Finance Minister of Belarus Alexander Shlapak.

«Unfortunately, today there are two” Donbass “. If we talk about areas that controls the Ukraine, according to preliminary estimates, the recovery will take about $ 2 billion “, – quotes the Minister of the agency” Ukrinform ».

International partners can provide Ukraine with money in the form of loans or grants, he said. “If it will be loans in the format in which we receive them from the international financial institutions – the cost is no more than 2% per annum for a period of up to 10 years – we can not afford it,” – said the head of department.

According to Shlapak, in December 2014 Ukraine to attract the necessary funds will organize a donor conference in Kiev and Brussels. By the time the Ukrainian side will have to develop a project that will be recovered from the affected areas of the fighting, said the head of the Ministry of Finance.

He explained that it is primarily for the restoration of infrastructure, water and electricity, gas and “crippled” housing. “In this sense, we will quickly prepare all of the projects and will be able to invite donors to help us restore the Donbass” – said Shlapak.

with the worst part of the Donets Basin, which is in the uncontrolled area of ​​Ukraine [its breakaway militias control the Donetsk and Lugansk People's Republic], the minister said. He explained that “there is no possibility to reach, and make at least a preliminary evaluation».

At the end of September 2014 the President of Ukraine Petro Poroshenko and German Chancellor Angela Merkel agreed that Germany will provide € 25 for housing construction for internally displaced persons and € 500 million in loan guarantees to restore the infrastructure of Donbass.

A few days in Ukraine has started a mission of representatives of the EU, the UN and the World Bank to restore the country’s eastern regions and the formation of the financial support of the Donbass. According to Poroshenko, recovery require 50% of the infrastructure of Donbass and 42% of the industry.