China has expressed eagerness to assist in Ukraine’s post-war reconstruction, aligning its efforts with the wishes of the involved parties. This follows remarks from Ukrainian President Volodymyr Zelensky, who acknowledged China’s potential role. The overall reconstruction cost is estimated at US$524 billion, with Ukraine having mobilized US$13 billion from various partners thus far.
On a recent announcement, China expressed its intention to play a role in the reconstruction of Ukraine following the war. The China International Development Cooperation Agency, also known as China Aid, indicated that their approach would align with the preferences of all involved parties. Li Ming, a spokesperson for the agency, stated, “China is willing to continue to provide assistance to the best of our ability, which also includes participation in the future reconstruction of Ukraine.”
Li’s comments came after Ukrainian President Volodymyr Zelensky mentioned the potential for Chinese assistance in his remarks during the three-year anniversary of Russia’s invasion. Notably, the estimated cost for Ukraine’s recovery and reconstruction over the next decade is projected to be around US$524 billion. To date, Kyiv, in collaboration with international allies and the private sector, has allocated US$13 billion towards addressing these recovery needs, as detailed in a joint report by various organizations including the Ukrainian government, the World Bank Group, and the European Commission.
In conclusion, China’s willingness to assist in Ukraine’s reconstruction signals its intent to engage in the international development dialogue. The alignment of cooperation with the desires of Ukrainian authorities reflects a flexible approach to foreign aid, particularly in light of significant financial needs estimated at US$524 billion over the next decade. As reconstruction efforts progress, collaboration among various stakeholders will be essential to facilitate Ukraine’s recovery.
Original Source: www.scmp.com
