The World Bank estimates Ukraine's reconstruction will cost $411 billion, three times the country's gross domestic product. Since Russia's invasion in February 2022, external backers have poured $59 billion into Ukraine for financing needs. "If you have to rebuild, it is logical to rebuild green in line with new technologies... Our vision is to build a 50 million tonnes green steel industry in Ukraine," he told Reuters. To help raise $20-$40 billion in initial funding, Ukraine plans a coalition of industry, public and private sector stakeholders to develop the plan, including doing initial scoping work on projects. "Ukraine's bravery on the battlefield must be matched by the vision of the private sector to help the country rebuild and recover," Sunak will say.

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Persons: Pavel Klimov, Rostyslav, Volodymyr Zelenskiy's, Shurma, Rishi Sunak, Matteo Patrone, Ayomide Mejabi, Elisa Martinuzzi, Frances Kerry Organizations: Bank, Reuters, British, Ukraine, Ukrainian Development Fund, BlackRock, European Bank for Reconstruction, London, Republican, Democratic, Russia, NATO, JPMorgan, Jorgelina, Thomson Locations: Ukraine, Russia, Mariupol, Europe, Ukrainian, London, Britain, Rosario