reconstruction
As Russia’s war drags on, it’s still early days for Ukraine’s reconstruction but issues are already lurking around one crucial component: cement. Rebuilding Ukraine after the war, which is unlikely to end any time soon and will continue to cause widespread destruction, is expected to cost $487 billion and will necessarily require a great deal of building materials. Cement is one of the main ingredients in concrete, used to build housing, roads, bridges, schools, hospitals, dams, and ports — all of which are regular targets of Russian attacks. Fighting in the country’s east and ongoing occupati...
Kyiv Independent (CA)
U.S. President Joe Biden signed the Rebuilding Economic Prosperity and Opportunity for Ukrainians (REPO) Act on April 24. Largely overshadowed in the media by the groundbreaking approval of $61 billion in aid for Ukraine that same day, the REPO Act is equally crucial. However, the REPO Act has not yet won the war for Russian assets. The REPO Act allows the Biden administration to confiscate Russian sovereign assets that are subject to U.S. jurisdiction to support Ukraine. In essence, the bill overcomes the main legal concern of Russia’s sovereign immunity by allowing the U.S. to confiscate the...
Kyiv Independent (CA)
The following is the Feb. 20, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Tokyo summitJapanese and Ukrainian representatives met in Tokyo on Feb. 19 to foster dialogue between both government officials and business leaders on how Japan could contribute to rebuilding the country. The Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction in Tokyo gathered around 300 people and 80 companies, including Kubota, Sumitomo Corp, Kawasaki Heavy, and Rakuten. Durin...
Kyiv Independent (CA)
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