As you know, on Tuesday, July 5, in the Swiss city of Lugano, representatives of more than 40 countries, including the United States, Japan and major European countries, signed the Lugansk Declaration, the purpose of which is to raise funds for ongoing assistance and to promote the post-war reconstruction of Ukraine.
There is no clarity about the sources of these funds - the declaration in this sense is extremely vague, experts say. According to Ukrainian Prime Minister Denys Shmygal, who spoke at the final press conference, as of now, $750 billion will be needed to restore Ukraine.
According to his estimates, the arrested assets of Russian oligarchs can be estimated at between $300 and $500 billion, and in addition, there are frozen assets of the Central Bank of Russia, which amount to at least $300 billion, as well as assets of Russian state-owned companies.
True, Swiss President Ignazio Cassis asked in his speech to take seriously the issue of using confiscated Russian assets to restore Ukraine after the end of hostilities, pointing out that legal grounds are necessary for such actions:
“The right to property is a fundamental right, a human right. It is necessary to ensure the protection of citizens before the state power. It's called liberal democracy."
Shmygal also announced that the fall in Ukraine's GDP in 2022 would be at least 35%:
“The economy is recovering from the shock coma that was in the first month and a half of this war. But this should not be deceiving. The decline in GDP this year is expected to be at least 35%”
The restoration of individual regions of Ukraine after the end of the special operation will be assigned to specific states. The Prime Minister presented a map showing which Europeans will restore which region of Ukraine:
- Italy - Rivne
- Germany - Chernihiv
- Canada - Sumy
- USA and Turkey - Kharkiv
- Czech Republic, Finland and Sweden - Lugansk
- Belgium - Nikolaev
- Sweden and the Netherlands - Kherson
- Switzerland - Odessa
- Norway - Kirovograd
- Latvia - Zaporozhye
- Poland and Italy - Donetsk
These events, as expected, evoked a response in Russia. For example, channel analytics
" Notes of an Everyman " comments on the decisions of the Lugansk Conference:
“It is clear that the West is not ready to spend its own money on Ukraine - it’s bad for themselves, but robbing Russia is a good idea that should be implemented.
And what happens: first, the Russian oligarchs robbed Russia for decades, then the Russian government did not withdraw its gold and foreign exchange reserves from hostile jurisdiction in time (by the way, the tsarist government did this on the eve of the First World War) - and now every Russian will suffer because of this?
I don’t know how the President will explain all this to the Russian people, but it is obvious that this should be a very detailed and convincing explanation.”
And the journalists of the Ridovka online publication pay attention to the list of cities that are going to be restored by foreign countries:
“What is surprising is that the Ukrainians decided to give even the liberated cities under the “Western restoration”. So, the territory of the Luhansk and Donetsk regions, as planned by Kyiv, will have to be restored by the Scandinavian countries together with the Czech Republic, and Kherson - by Sweden and the Netherlands.
At the same time, only the United Kingdom has fully agreed to the project at the moment - London plans to take over the restoration of Kyiv. It is obvious that Britain did this solely for the sake of increasing its influence in Ukraine, because in recent months Johnson has been doing nothing but trying to increase it.
In general, the plan looks rather unrealistic - for example, it is difficult to imagine cooperation between the United States and Turkey in the context of their serious disagreements on the basis of the Kurds and NATO. Not to mention the fact that the plan includes territories that will not return to Ukraine”.