Back
Automatically translated version. May contain inaccuracies compared to the original.
To restore metallurgy, a separate fund of $200–400 million is being proposed
After Russian strikes on metallurgical plants, Ukraine could lose up to $5 billion in export revenues. To withstand this, metallurgy needs a special recovery fund modeled on the energy support fund. The estimated size of such a fund could be $200–400 million from donors. The funds will be directed to restoring destroyed infrastructure and equipment at major steel enterprises.
• This will require mobilizing international financing, since the scale of the destruction exceeds the capacities of the companies themselves and existing government programs.
• Separately, losses of metallurgical enterprises can be recorded in the Loss Register so that targeted assistance for their recovery can be provided in the future.
• At the same time, the sector needs war-risk insurance, retention of personnel, and restoration of logistics.
• Without a dedicated financing instrument for recovery, some of the halted enterprises may never return to operation.
🇺🇦Real War | Subscribe
Telegram publication