The China Mail - Rebuilding Ukraine a 'generational task' that begins now: Scholz

USD -
AED 3.672506
AFN 64.497375
ALL 81.046102
AMD 360.780113
ANG 1.789785
AOA 917.000069
ARS 1529.25008
AUD 1.422465
AWG 1.8025
AZN 1.697143
BAM 1.745704
BBD 2.012675
BDT 123.586379
BGN 1.747831
BHD 0.377114
BIF 2995.403222
BMD 1
BND 1.277279
BOB 11.766859
BRL 4.9652
BSD 0.999331
BTN 94.818583
BWP 13.766234
BYN 2.934172
BYR 19600
BZD 2.009729
CAD 1.401575
CDF 2315.999802
CHF 0.824625
CLF 0.025212
CLP 986.459589
CNY 6.67805
CNH 6.668802
COP 3171.419646
CRC 456.018209
CUC 1
CUP 23.982684
CVE 98.420137
CZK 21.69075
DJF 177.944392
DKK 6.665615
DOP 61.293346
DZD 134.335699
EGP 55.026908
ERN 15
ETB 162.538225
EUR 0.89177
FJD 2.237197
FKP 0.747807
GBP 0.747785
GEL 2.590144
GGP 0.747807
GHS 11.586558
GIP 0.747807
GMD 73.999846
GNF 8843.664926
GTQ 7.638684
GYD 209.291739
HKD 7.842915
HNL 26.828223
HRK 6.717504
HTG 130.968001
HUF 326.872989
IDR 18093.85
ILS 3.10555
IMP 0.747807
INR 94.945494
IQD 1514.883742
IRR 1832375.000051
ISK 121.779829
JEP 0.747807
JMD 158.593297
JOD 0.708958
JPY 157.052499
KES 129.754095
KGS 87.448598
KHR 4082.652742
KMF 439.501381
KPW 899.999961
KRW 1323.76029
KWD 0.31069
KYD 0.832775
KZT 453.715357
LAK 22486.722899
LBP 89486.053465
LKR 331.81595
LRD 170.375329
LSL 16.556076
LTL 2.95274
LVL 0.60489
LYD 6.399786
MAD 9.815504
MDL 18.037221
MGA 4519.123488
MKD 54.987281
MMK 2100.106238
MNT 3599.160205
MOP 8.073191
MRU 39.936627
MUR 47.160449
MVR 15.460055
MWK 1732.762083
MXN 18.69765
MYR 4.085296
MZN 63.897294
NAD 16.556076
NGN 1332.060223
NIO 36.774222
NOK 9.32225
NPR 151.709734
NZD 1.75492
OMR 0.384498
PAB 0.999241
PEN 3.431874
PGK 4.475387
PHP 63.617963
PKR 276.527424
PLN 3.92556
PYG 5779.443924
QAR 3.642612
RON 4.779805
RSD 104.87794
RUB 80.255839
RWF 1476.413621
SAR 3.753249
SBD 8.07458
SCR 14.037027
SDG 601.503045
SEK 9.931225
SGD 1.278335
SHP 0.7473
SLE 22.949817
SLL 20969.504398
SOS 571.07154
SRD 37.627986
STD 20697.981008
STN 21.868166
SVC 8.743696
SYP 13001.999685
SZL 16.555541
THB 33.769752
TJS 9.208462
TMT 3.51
TND 2.983978
TOP 2.40776
TRY 49.762245
TTD 6.789842
TWD 32.585799
TZS 2645.601821
UAH 45.239791
UGX 4402.195742
UYU 40.076762
UZS 11958.762887
VES 879.788898
VND 25842.5
VUV 118.622996
WST 2.767791
XAF 584.962704
XAG 0.018551
XAU 0.000250763889
XCD 2.70255
XCG 1.800955
XDR 0.707052
XOF 584.962704
XPF 106.448878
YER 236.095571
ZAR 16.624245
ZMK 9001.209608
ZMW 20.091043
ZWL 321.999592
SSP 5745.299755
MXV 2.110273
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Rebuilding Ukraine a 'generational task' that begins now: Scholz
Rebuilding Ukraine a 'generational task' that begins now: Scholz / Photo: © AFP

Rebuilding Ukraine a 'generational task' that begins now: Scholz

German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" that must start immediately, even as Russia's invasion rages on.

Text size:

Scholz as current head of the G7 club of wealthy nations said Ukraine could count on the support of the international community for decades to come as it seeks to repair and upgrade essential infrastructure.

"What is at stake here is nothing less than creating a new Marshall Plan for the 21st century -- a generational task that must begin now," Scholz said as he opened an international reconstruction conference for Ukraine in Berlin.

Rebuilding Ukraine marks a "challenge for generations", Scholz said, but one that also provided a chance to modernise its roads, bridges, schools, hospitals and transport links.

The task is "one that will require the combined strength of the entire international community but it is also an opportunity for generations to come if we get it right", he said.

Speaking at the same event, European Commission chief Ursula von der Leyen called the scale of destruction in the war-ravaged country "staggering", with the World Bank estimating the toll of the damage at 350 billion euros ($345 billion).

"This is for sure more than one country or one union can provide alone," she said. "We need all hands on deck."

- 'To be or not to be' -

Ukrainian President Volodymyr Zelensky was also addressing the one-day conference, which brought together international organisations and private sector representatives as well as political leaders.

He appealed to international supporters to cover his country's $38-billion budget hole for 2023, saying such assistance was essential if Ukraine is to get back on its feet.

"At this very conference we need to make a decision on assistance to cover the next year's budget deficit for Ukraine," he said, speaking to the event via video link.

"It's a very significant amount of money."

He said alleviating the crisis would also "save the European continent from the migration wave, from the immigration tsunami" that has already seen millions of Ukrainians fleeing to the EU.

Polish Prime Minister Mateusz Morawiecki urged Europe to stand strong against Russia as the war grinds on, warning against attempts to seek an end to the fighting at any cost.

"The policy of appeasing Russia is bankrupt and everyone who is still trying to enact it drags Europe down," he said.

He insisted Europe was "much stronger than Russia" but the fact that Russian President Vladimir Putin remained unvanquished "only proves that (Europe) is to some extent or it was a paper tiger".

"If we do not win the war with Russia we risk more than just losing Ukraine and its security -- we risk marginalising the entire continent," he warned.

Quoting Shakespeare, Morawiecki said it was a moment of truth for Europe to stand up for its purpose and values.

"The world only deals with strong players -- Europe must prove its strength. It is our 'to be or not to be' moment," he said.

W.Tam--ThChM