During the two-day Ukraine Recovery Conference, which began on Wednesday, June 21 in London, several countries and organizations pledged additional financial assistance.
* The United States pledged $1.3 billion to restore the energy system, develop green energy, and help Ukrainian businesses; to modernize rail lines, ports, and other transportation infrastructure; to digitize customs and other systems to reduce corruption; and to provide insurance to reduce investment risks in Ukraine. U.S. Secretary of State Anthony Blinken announced that.
* Germany will provide Ukraine with an additional €381 million in humanitarian aid in 2023 – "for everything from generators to food and tents for those who have recently lost their homes," said Foreign Minister Annalena Burbock. She added that Germany will continue to help Ukraine with mine detection and neutralization efforts, because "there can be no peace in a country where a child leaving home risks being hit by a mine."
* France will allocate an additional 40 million euros to restore critical infrastructure, equipment for the healthcare system and prepare the energy system for the next winter. This was announced by the Minister of Europe and Foreign Affairs of France Catherine Colonna. She also announced the creation of a mechanism to insure investments in the Ukrainian economy through the French State Investment Bank.
* Canada has announced grants of $10 million to support people affected by floods after the destruction of the Kakhovka hydroelectric power plant and $20 million for long-term projects related to the effects of climate change and aimed at promoting gender equality in society.
* Poland's Ministry of Foreign Affairs announced that it has prepared a law allowing to expand insurance coverage of investments and cargo transportation to and from Ukraine.
* The European Investment Bank will allocate €840 million to Ukraine to rebuild schools and hospitals, transport networks, water supply infrastructure, and finance the development of digital transformation and cybersecurity systems.
* Latvia is preparing to send its entire fleet of helicopters to Ukraine, Latvian Prime Minister Krisjanis Karinš said.
"Our Stingers arrived in Ukraine only one day before the full-scale invasion, and fortunately they were part of the solution to prevent the Russians from taking over the airport. Since then, our government has spent more than 1.3% of our GDP on various assistance to Ukraine," said the Latvian Prime Minister. He emphasized that all Latvian Stinger missiles are now in Ukraine.
"We had a fleet of helicopters. We are sending all these helicopters, the last ones are still being repainted to make them operational and look good," the prime minister said.
* Ukrainian Prime Minister Denys Shmyhal said at a conference that the destruction of the Kakhovka hydroelectric power plant dam caused $1.5 billion in environmental damage.
According to Shmyhal, the environmental disaster caused by the dam's explosion is only part of the problem, and the $1.5 billion in damages does not include losses to the agricultural sector, destroyed infrastructure, housing, and the cost of restoring the hydroelectric power plant itself.
In total, the World Bank estimates that the cost of restoration work in Ukraine is already estimated at $411 billion, and this figure will grow.