Switzerland announced on Wednesday its commitment to significantly increase its support for Ukraine's long-term economic development and reconstruction. This initiative includes an allocation of 5 billion Swiss francs (equivalent to 5,092 million euros) until 2036.
The government of the Swiss country announced this decision that was taken at its weekly meeting, which, it assured, “is a strong sign of solidarity with those affected due to the war in Ukraine and seeks to promote greater stability on the European continent,” according to the agency. Efe.
Specifically, the Swiss plan involves assigning a first game of 1,500 million of Swiss francs (equivalent to 1,527 million euros) of its budget international cooperation until 2028, in support of the Ukrainian cause. To reach the total amount until 2036, the authorities assured that they will study other alternative financing methods beyond the initial budget.
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According to World Bank estimates, it is estimated that around 450 billion euros to carry out the complete reconstruction of Ukraine once the fight is over.
Since the start of the large-scale Russian invasion of Ukraine in February 2022, the Swiss Confederation has persistently supported projects aimed at the rehabilitation of infrastructure, energy and health, as well as the reconstruction of roads and public thoroughfares that have been devastated.
On the other hand, unlike other Western countries, Switzerland has not provided military aid to kyiv, since neutrality is one of the fundamental pillars of Swiss foreign policy. This policy prohibits the country from participating in armed conflicts and joining military alliances. Since 1815, Switzerland has been officially recognized by the international community of states as a neutral country.
