Ukraine announces $750 billion ‘recovery plan’ as Russia hones in on Donetsk

Caitlin McFall – Yesterday 3:09 PM

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Ukraine on Monday announced a $750 billion plan to rebuild the war-torn nation and President Volodymyr Zelenskyy urged the international community to join “the greatest contribution to the maintenance of global peace.”

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Zelenskyy argued that Ukraine’s recovery was vital for not only Ukrainians but for the preservation of democracies worldwide.

“The reconstruction of Ukraine is not a local project, is not a project of one nation, but a common task of the entire democratic world — all countries, all countries who can say they are civilized,” he said during the Ukraine Recovery Conference in Switzerland. “Restoring Ukraine means restoring the principles of life, restoring the space of life, restoring everything that makes humans human.”

Rebuilding Ukraine has already begun in certain areas where Russian forces have withdrawn as Kyiv looks to repair government buildings, hospitals, schools, housing and basic infrastructure like water and gas pipes.

© Ukrainian Presidential Press Office via APUkrainian President Volodymyr Zelenskyy attends a meeting with military officials as he visits the Mykolaiv region June 18, 2022 Ukrainian Presidential Press Office via AP

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But even as Ukraine looks to repair devastated areas abandoned by Russian forces, Moscow continues its deadly campaign in eastern Ukraine.

Russian President Vladimir Putin claimed victory over the Luhansk region on Monday after more than four months of intense fighting.

Russian forces are now looking to exert dominance over Donetsk, just south of Luhansk in the Donbas region.