Ukraine is creating a Fund for the restoration of Donbass – Poroshenko

Украина создает фонд восстановления Донбасса – Порошенко

The President Of Ukraine Petro Poroshenko

The Fund is created at the expense of budget funds and international assistance.

Special Fund for Donbas restoration will be created in Ukraine at the expense of budget funds and international assistance. This was stated by President of Ukraine Petro Poroshenko, reports a press-service of the head of state.

“Work is continuing on the formation of a special Fund, proceeds of which will be directed on restoration of Donbass”, – said the President.

According to Poroshenko, the Fund will be formed from the funds of state budget of Ukraine and donor assistance partner countries and international financial institutions. In particular, Kyiv expects the restoration of Donbass “€500 million from Germany, €200 million from the European Bank for reconstruction and development, €200 million from the European investment Bank, significant funds from the countries “the big seven” UN”.

“Among the priorities – the restoration of the destroyed infrastructure, including water supply, electricity, bridges,” – said the President, assuring that funding for the design of these works have already been implemented.

“The whole Donbass, whole Ukraine and the whole world needs to see that the top priority of all state authority of Ukraine, the restoration of the Donbass. Everyone can see the difference in attitude to people here and there, everyone can see how we will rebuild and restore normal life for the people and what led so-called “Russian spring”, or the “Russian world”, – said Poroshenko.

The Cabinet confirmed the presence of a plan for Donbass

As reported, Poroshenko does not exclude the possibility of holding local elections in the Donbass in 2016 by providing the necessary conditions.

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