Photo: Office of the President of Ukraine
The United States and the European Union are planning to mobilize up to $800 billion to rebuild Ukraine after the end of the war with Russia as part of a so-called “Prosperity Plan for Ukraine.” The document is intended to be implemented over a 10-year period, Politico reports.
According to unnamed European officials and diplomats, the 18-page document outlines a decade-long recovery strategy that also provides Ukraine with an accelerated path to European Union membership. The European Commission circulated the plan to EU capitals ahead of the leaders’ summit in Brussels on Thursday, January 22.
Politico notes that the financial recovery strategy, which runs through 2040, includes a rapid 100-day launch phase for key projects. However, BlackRock, which is advising Ukraine’s reconstruction efforts on a pro bono basis, has warned that attracting external capital will remain difficult while active hostilities continue.
“Think about it. If you’re a pension fund manager, you’re accountable to your clients and retirees. It’s practically impossible to invest in a war zone. I believe everything has to be phased, and it will take time,” BlackRock Vice Chairman Philipp Hildebrand said on January 21 at the World Economic Forum in Davos.
The document envisages US investments in critical minerals, infrastructure, energy, and technology projects in Ukraine. At the same time, Hildebrand stressed that businesses will not be able to operate at full scale as long as drone and missile attacks continue along the eastern фронт.
The Prosperity Plan is part of a broader 20-point peace framework that the United States is seeking to negotiate between Kyiv and Moscow. Its main goal is to shift Ukraine from emergency aid to sustainable long-term economic development.
Under the plan, Washington would act not only as a donor but also as a strategic economic partner, investor, and a “confidence anchor” for Ukraine’s recovery. The document also foresees direct involvement of American companies and experts on the ground, while the US role as a mobilizer of private capital would remain central.
Earlier media reports suggested that the $800 billion Prosperity Plan could be signed by Ukrainian President Volodymyr Zelensky and US President Donald Trump at the World Economic Forum, but those plans later changed.
An unnamed US official told Axios that the plan has not yet been finalized. Meanwhile, on January 21, Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration, Taras Kachka, said the initiative had already been agreed at the technical level.
