
Ukrainian and US negotiators are set to meet in Geneva this Thursday, with Zelenskiy hinting at a potential “prosperity package” aimed at attracting billions of dollars for reconstruction. The president outlined his country’s ambitious economic recovery plan during a joint news conference with Norway’s Prime Minister Jonas Gahr Stoere.
Zelenskiy emphasized that while progress on the military front remains essential, the key to ending the conflict is finding common ground in terms of territorial claims and political will. He stressed Moscow’s persistent position as Ukraine contends Russia had made false allegations about seeking nuclear weapons during recent rounds of talks.
Zelenskiy also alluded to upcoming trilateral discussions scheduled for early March between Ukraine, Russia, and the US. The president believes these dialogues can pave the way towards a ceasefire and peace agreement that will bring an end to Europe’s longest war since World War II.
The reconstruction process in Ukraine has already become a focal point of international negotiations. According to figures from the World Bank, post-war rebuilding is expected to cost around $588 billion over a three-year period ending December 2025. This figure was calculated based on data from February 24th, when the war began, through December 31st.
Kyiv’s vision for its future extends beyond reconstruction; it sees itself as a potential member of the European Union and an attractive destination for foreign investment. However, these prospects hinge upon securing a lasting ceasefire and peace deal that seem increasingly elusive amidst ongoing negotiations.
The meeting between Ukrainian negotiators and US officials will also address details of prisoner-of-war exchanges, which have not yet been resolved despite previous efforts in Geneva earlier this year.
This week marks the fifth anniversary of Ukraine’s engagement in what is now Europe’s longest-running conflict. As Zelenskiy calls for a comprehensive diplomatic solution to bring an end to hostilities and foster stability, his team faces significant challenges in achieving concrete progress towards these goals.
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