The effort will cost billions and will be more ambitious than post-WWII Marshall plan, according to the German leader Rebuilding Ukraine will cost billions according to German Chancellor Olaf Scholz, who estimated the scale of the effort during a press conference in Berlin on Thursday.
The European Union has exhausted its options for further economic restrictions against Russia, the Financial Times reported on Thursday, citing EU officials. The bloc has so far adopted ten rounds of sanctions in response to the Ukraine conflict and is currently working on an eleventh package of punitive measures against Moscow. Meetings between the European…