Rome: Ukrainian Prime Minister Denys Shmyhal on Thursday presented an ambitious $1 trillion reconstruction blueprint during the ministerial meeting of the Ukrainian Donor Platform at the Ukraine Recovery Conference 2025 in Rome. The plan outlined two major funds to rebuild the country over 14 years and called for a firm EU commitment to co-finance Ukraine's defense.

According to Anadolu Agency, Shmyhal detailed the first fund as the 'Ukraine Fund' with $540 billion, to be financed through confiscated Russian assets and a special tax on Russian raw material exports. He also introduced the second pillar, a $460 billion European Structural Fund, designed to channel private EU investment into Ukraine's production sectors.

Shmyhal emphasized that maintaining sanctions pressure on Russia and securing sustained financial support remain Ukraine's top strategic priorities. He highlighted the successful launch of the ERA financial mechanism and continued IMF-backed assistance as evidence of overcoming financial challenges through coordinated efforts.

The Ukrainian Prime Minister proposed that EU member states co-finance Ukraine's military, estimating future peacetime defense costs at pound 50 billion ($58.4 billion) per year, with the hope that Brussels will cover half. He stated that a strong Ukraine would contribute to a secure Europe.

In a separate statement, Shmyhal confirmed that Ukraine had received a new pound 1 billion tranche of macro-financial assistance from G7 partners, funded through profits generated by frozen Russian central bank assets. He praised the move as 'justice in action' and reiterated his call for the full confiscation of Russian assets.