Swiss President Cassis announced in Davos on May 24 that a conference on the reconstruction of Ukraine will be held in Switzerland on July 4 to 5 to raise funds to rebuild Ukraine, which has suffered massive damage since the Russian invasion; Zelensky called on allies to put pressure on Russia to exchange prisoners of war .
Ukrainian Prime Minister Shmigal and Foreign Minister Kuleba were invited to participate in the Davos meeting online. Switzerland has extended invitations to leaders of more than 40 countries, and Swiss President Cassis said the conference will focus in particular on the commitments the World Bank, the OECD, and the European Union have made to rebuild Ukraine. Cassis also made it clear that Zelensky would attend the meeting, but he did not elaborate on what form Zelensky’s participation would take. War losses in Ukraine are estimated at $600 billion. Lithuanian Finance Minister Sakalet urged the EU to set up a fund to help ease the financial burden of countries hosting thousands of Ukrainian refugees, as it did for Turkey in 2016.
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