Britain will unveil a major aid package for the rebuilding of Ukraine at the Ukraine Recovery Conference in Lugano, Switzerland, on Monday, the U.K. Foreign Office announced.
The aid package includes an offer of an additional $525 million in World Bank loan guarantees, bringing total British fiscal support to about $1.5 billion, along with funding for energy infrastructure repairs, demining efforts and other programs meant to expedite Ukraine’s civic and economic recovery.
“Ukraine’s recovery from Russia’s war of aggression will be a symbol of the power of democracy over autocracy,” Liz Truss plans to say at the conference, according to a news release. “It will show Putin that his attempts to destroy Ukraine have only produced a stronger, more prosperous and more united nation.”
The Foreign Office said the aid package would support immediate humanitarian needs and long-term development and democratic reforms, such as anti-corruption and e-government initiatives. The U.K. also plans to host the next Ukraine Recovery Conference in 2023.
“The U.K. is resolute in its support of Ukraine’s territorial integrity and will remain at Ukraine’s side as it emerges as a strong, thriving and cutting-edge democracy,” Truss’s planned remarks say.
Truss also plans to announce that the U.K. will back the Ukrainian government’s Reconstruction and Development Plan, set to be presented during the two-day conference in Switzerland. The plan runs about 2,000 pages, according to Bloomberg News.
Ukrainian President Volodymyr Zelensky said in his nightly address Saturday that rebuilding the country will be a “large-scale international event” requiring “colossal investments.”
“This is the largest economic project of our time in Europe and extraordinary opportunities for every state, for every company that we will invite to work in Ukraine to prove themselves,” he said.