German Chancellor Olaf Scholz announced on Wednesday he wants to discuss the outlines of a ”Marshall Plan for Ukraine,” with the leaders of the Group of Seven countries at the upcoming summit in Germany.
”Just like Europe was devastated by war, Ukraine needs a Marshall Plan for reconstruction,” Scholz told lawmakers at the Bundestag, adding that rebuilding Ukraine would be a ”task for generations.”
Some context: The Marshall Plan, a US-funded initiative enacted in 1948, helped rebuild Western Europe after WWII. Scholz hopes for a united front on long-term support for Ukraine when Germany hosts the annual G7 summit in Bavaria.
Following his visit last week to Iripin, a Kyiv suburb which saw intense fighting at the beginning of the Ukraine war, Scholz said it reminded him “of the pictures of German cities after World War II.”
Billions of dollars would be needed for Ukraine to finance rebuilding over several years, he said, adding that this would only be possible if European nations, other major donor countries and international organizations work together.
Scholz has invited Ukrainian President Volodymyr Zelensky to discuss financial aid for Ukraine with the G7 leaders by video link on Monday.