We need to start large-scale restoration of Ukraine now - Igor Stakovychenko

On July 4, an international conference for the restoration of Ukraine started in Lugano, Switzerland. Among the main decisions taken on the first day of the conference, one can single out the approval of a plan to provide Ukraine with macro-financial assistance in the amount of $750 billion.

Of this total, from 150 to 250 billion is expected to be directed to the restoration of infrastructure and housing damaged as a result of hostilities. At the same time, the mechanisms for the practical implementation of this project remain unclear in the context of the ongoing war and the need to adapt legislation to it and establish partnerships between the state and private companies.

Portal Open4business turned to Igor Stakovychenko, an expert in the field of construction and real estate, for a comment. In his opinion, the practical implementation of the project should be started now at all levels, since delaying the process can lead to negative consequences in the autumn-winter period.

“Mechanisms for allocating funds from the confiscated assets of the Russian Federation and its large businesses are already being implemented by individual countries. We, in turn, need to implement the conversion of these financial assets into specific infrastructure and construction projects by creating representative offices in donor countries and coordination centers in Ukraine,” said Ihor Stakovychenko.

The expert also stressed that the regional principle of recovery, now promoted by the country's leadership, when a separate partner state is engaged in projects in a separate Ukrainian region, is the most effective at this stage. In addition, Igor Stakovychenko suggested creating a system of decentralized funding for the implementation of