Poland expects Ukraine reconstruction fund, says president

Answering journalists' questions at the World Economic Forum in Davos on Tuesday, Andrzej Duda said: "We expect a special fund to emerge that will help Ukraine in reconstruction. That is an obvious matter. I would like many countries and institutions to engage in that." Radek Pietruszka/PAP

Poland’s president has said that he expects the creation of special fund for the rebuilding of Ukraine after the war.

The cost of the destruction caused by Russia's invasion is expected to be massive, with researchers at the Kyiv School of Economics estimating that just the damage to Ukraine's infrastructure is now at USD 92 billion and rising.

Answering journalists' questions at the World Economic Forum in Davos on Tuesday, Andrzej Duda said: "We expect a special fund to emerge that will help Ukraine in reconstruction. That is an obvious matter. I would like many countries and institutions to engage in that."

The president added it was obvious "that rebuilding Ukraine should be based on reparations from Russia."

"It is Russia that in an absolutely unjustified way, without any provocation from the Ukrainian side, invaded Ukraine, carrying out its imperialist ambitions, wanting to appropriate Ukraine, wanting to subjugate Ukraine, wanting to extend its influence onto Ukrainian territory," Duda said.

He went on to say that Ukrainians' fight for their country showed they did not want to be under Moscow's sphere of influence, but wanted to choose their allegiances for themselves, as was their "sacred right."

"We know what it means to defend one's homeland, that's why we are helping them and will stand with them," Duda continued. "But reparations should primarily come from Russia. Today there is gigantic Russian money frozen in the world, estimated at more than USD 300 billion, above all it is from that money that the reconstruction of Ukraine should come."

Duda said those funds should be "mercilessly taken from Russia" and used to rebuild Ukraine.

He added that a fund needed to be created as Ukraine will need to rebuild as quickly as possible, replacing damaged infrastructure.

"The Ukrainian fight for the defence of their own motherland's freedom needs to be supported and at the same time they need to be helped so they can rebuild their motherland, as quickly as possible so that people can get back to their homes," Duda said.