Ukraine needs $7bn aid a month, President Zelensky says
Ukraine's president has told the world's finance ministers his country needs $7bn every month until the summer to keep functioning.
The World Bank has estimated that about $60bn of physical damage has so far been inflicted on Ukraine. "We believe that over time this amount is going to go down as the Ukrainian economy in the parts of the country that are not under occupation picks up, and as remittances from those who now work somewhere else start flowing."
However, Ms Yellen cautioned that using seized Russian central bank reserves in the US to rebuild Ukraine would be a "significant step" that would need discussions and agreement with international partners. "If we do not stop this war together, the losses will increase dramatically," Mr Shmyhal said, adding that Ukraine would need a reconstruction programme similar to the post-World War Two Marshall Plan that helped to rebuild Europe.
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