The World Bank has now come out and announced what they believe Ukraine requires in order to be pieced back together and their price tag is shocking. Headquartered in Washington, D.C., the World Bank claims that it is a financial institution that serves loans and grants to governments worldwide to pursue “capital projects”.
One of their latest missions has been focusing on funding and rebuilding Ukraine with the dollars of many different countries including the United States. So far, the United States has funding in between $115 to $200 billion in aid to the Ukraine which is exponentially higher than any other nation. This funding has provided military aid, economic support, humanitarian aid and assistance and more.
It appears that those numbers are not enough for the World Bank who is now estimating that the Ukraine will need $350 billion in order to get back on their feet as a nation. Many of that estimate is based on the rebuilding of infrastructure that Ukraine will need after facing Russia on the home front.
“That’s just to defend the land. Rebuilding carries a whole new set of costs which the World Bank estimates will total $349 Billion,” CNBC said commentating on U.S. donations and funding to the country’s war efforts.
See their report on the World Bank’s new monetary estimate in the video below:
NEW — World Bank Says the $113 Billion Sent to Ukraine is Only a Fraction of What is Needed
“That’s just to defend the land. Rebuilding carries a whole new set of costs which the World Bank estimates will total $349 Billion.” pic.twitter.com/RubDufCAl0
— Chief Nerd (@TheChiefNerd) February 24, 2023
Of course these numbers and reports come on the heels of Biden’s surprise visit to Ukraine where the President made sure to display his support for the country.
The White House released the following statement while Joe Biden was in Ukraine reinforcing his support of the country against Russia:
As the world prepares to mark the one-year anniversary of Russia’s brutal invasion of Ukraine, I am in Kyiv today to meet with President Zelenskyy and reaffirm our unwavering and unflagging commitment to Ukraine’s democracy, sovereignty, and territorial integrity.
When Putin launched his invasion nearly one year ago, he thought Ukraine was weak and the West was divided. He thought he could outlast us. But he was dead wrong.
Today, in Kyiv, I am meeting with President Zelenskyy and his team for an extended discussion on our support for Ukraine. I will announce another delivery of critical equipment, including artillery ammunition, anti-armor systems, and air surveillance radars to help protect the Ukrainian people from aerial bombardments. And I will share that later this week, we will announce additional sanctions against elites and companies that are trying to evade or backfill Russia’s war machine. Over the last year, the United States has built a coalition of nations from the Atlantic to the Pacific to help defend Ukraine with unprecedented military, economic, and humanitarian support – and that support will endure.
Many have criticized Biden for his visit and unwavering support of Ukraine mainly in part to the rhetoric the President was using while in Ukraine. Watch one of those examples below:
WATCH: Biden brags about Ukrainian flags “flying on American homes”
Sad that he’s never said that about Old Glory pic.twitter.com/VHBzkQUSue
— Clayton Keirns (@CKeirns) February 21, 2023
Earlier today, Zelensky scolded Americans who oppose sending more taxpayer dollars to Ukraine:
WATCH: Zelensky slams Americans who oppose funding their war with Russia
Then he guilt trips by bringing up Ukrainian children: “Are American children any different?” pic.twitter.com/tSw12ARDra
— Clayton Keirns (@CKeirns) February 24, 2023