🇨🇭🇺🇦Switzerland allocates 5 billion Swiss francs (a little more than 5 billion euros) for the reconstruction of Ukraine. This sum must be committed by 2035, and 1.5 billion Swiss francs have already been allocated for 2028.

The decision was made by the Federal Council on Wednesday, April 10.

In this way, Switzerland is sending a "strong signal of solidarity" with the victims and contributing to stability throughout Europe.

In particular, this money will help prevent migration flows. According to the Swiss government, the total cost of restoration work is estimated at around 440 billion Swiss francs.

According to the World Bank, $486 billion is needed to restore Ukraine. This assessment is based on a damage and needs analysis, co-financed by Switzerland.

Switzerland is already supporting projects in Ukraine aimed at restoring destroyed civil infrastructure in the energy, road and medical sectors.

In addition, Switzerland and Ukraine jointly launched a large-scale political recovery process at the Lugano Conference on Recovery of Ukraine in July 2022.

🇺🇦@ukraine_report 🇺🇦🔱 Liz