Joint Declaration of Support for Recovery and Reconstruction of Ukraine

Excerpt:  “Russia’s war of aggression has wrought tremendous damage upon Ukrainian cities and infrastructure. Today, we reaffirm a series of commitments to counter its effects. First, Russia’s responsibility under international law to pay for the damage it is causing is clear. … Second, we commit to use our economic assistance to ensure Ukraine maintains macro-financial stability, to repair and build critical infrastructure including in the energy sector, to boost economic growth, to support social resilience as well as the implementation of priority reforms. … Third we are continuing our joint work to implement the decision made at the G7 Summit in Apulia to launch Extraordinary Revenue Acceleration (ERA) Loans for Ukraine by the end of the year, in order to make available approximately USD 50 billion in additional funding to Ukraine. … Fourth, we will continue to pursue our vision also by strategizing, coordinating and steering our support for Ukraine’s economic recovery and reconstruction through the Ukraine Donor Platform. … Finally, we will continue to assess and monitor progress on these commitments through Ukraine Donor Platform meetings and the annual Ukraine Recovery Conference, the next edition of which will be hosted by Italy in 2025.”