Ukraine war: Billionaire Andrew Forrest launches $25bn fund for reconstruction

TL;DR

Ukraine war: Billionaire Andrew Forrest launches $25bn fund for reconstructionAustralian mining billionaire Andrew Forrest has launched an investment fund that is hoped will be worth at least $25bn (£21bn) to help rebuild war-torn Ukraine."We will take advantage of the fact that what the Russians have destroyed can readily be replaced with the latest, most modern green and digital infrastructure," Mr Zelensky said.The fund said it had been working with Larry Fink, the chairman of investment giant BlackRock, and hopes to gain the support of sovereign wealth funds and other professional investors.Since starting work on the investment fund in early March, Mr Forrest said he had discussed the plan with a number of world leaders including US President Joe Biden, then-UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen.In July Ukrainian Prime Minister Denys Shmyhal said it would cost $750bn for the country to recover from the war, which had caused $100bn of direct damage to infrastructure."

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