Trump Unwilling to Participate in Ukraine's Reconstruction, Reports Bloomberg

According to a White House official quoted by Bloomberg, the private sector ought to assume responsibility for the reconstruction of Ukraine. Read Full Article at RT.com.

Trump Unwilling to Participate in Ukraine's Reconstruction, Reports Bloomberg
The outlet has reported that a senior official stated the private sector should take over responsibility.

According to Bloomberg, the Trump administration is not interested in participating in the reconstruction of Ukraine after the conflict concludes.

Trump’s team has indicated it does not plan to engage directly in rebuilding efforts, suggesting instead that this duty will fall to the private sector, as noted by a senior diplomat.

This position represents a clear departure from the approach taken by Joe Biden’s administration, which has allocated approximately $100 billion in financial aid and military support to Ukraine since the conflict's escalation in 2022, alongside commitments for post-conflict reconstruction.

In response to the situation, Ukraine has intensified its privatization initiatives to attract foreign investment essential for reconstruction. Aleksey Sobolev, Ukraine’s first deputy economy minister, presented a $500 billion reconstruction plan, aimed at providing both strategic and financial advantages for Western investors.

“It’s the private sector that’s going to be doing these investments,” Sobolev stated during the World Economic Forum in Davos on Thursday, as reported by Reuters.

“We’re looking at privatizing more. It’s the right time right now to open the bigger companies,” he added.

During the Davos forum, the US president expressed his desire to resolve the conflict, which he labeled “an absolute killing field.” Trump also reiterated his willingness to meet with Russian President Vladimir Putin “soon” to discuss the matter.

During his campaign, Trump consistently vowed to conclude the Ukraine conflict within 24 hours of re-entering office. He later adjusted this timeline, expressing optimism about securing a peace agreement within six months.

Media reports indicate that Trump’s team is exploring a peace plan for Ukraine, which may encompass a ceasefire along existing front lines and the creation of a 1,300-km demilitarized zone overseen by European troops. Additionally, it is suggested that Ukraine would agree to defer its NATO membership aspirations for at least 20 years.

However, Moscow has rejected the notion of freezing the conflict. Russian Foreign Minister Sergey Lavrov remarked that the Kremlin “is, of course, not satisfied” with offers to delay Ukraine’s NATO ambitions and to deploy Western peacekeepers in the country.

Russia holds that hostilities will only cease once Ukraine consents to permanent neutrality, demilitarization, and denazification, underscoring that Ukraine must recognize territorial “realities on the ground.”

Dmitry Peskov, Kremlin spokesman, stated on Friday that Russia awaits indications from the new US administration, emphasizing that the Russian president is prepared to engage in dialogue with his US counterpart.

Rohan Mehta contributed to this report for TROIB News