0dile News Today

He is ordering a Major Investigation into voter fraud, still convinced that illegal votes affected the election result. And gun violence in chicago the president says he is considering sending in the feds would it help . Well have reaction from the city. Hello it is wednesday afternoon here in washington, donald trump has promised a big day in the reform of Americas National security laws. The president is outlining changes to immigration, visa controls, and a crack down on gun violence in chica...

To go outside russia. so, i mean, this is a big impact — this war will have a big impact on all all the countries in which we intervene. you mentioned russia, so im going to ask you, 0dile, do you believe russia should be made to pay for some of the reconstruction and if so, how? i mean, its a very difficult debate. i think, in a way, when you see all the assets that have been frozen, i can see the logic of using some of those things, some of these assets. i think when you have the history of ...

But i think we need to get to work also on such kind of scenario, which may really, really happen. 0dile, something that ive talked a lot about on my show since the war is the immense importance of the agricultural sector in ukraine. i mean, known as the breadbasket of of europe, feeds much of the world. thats almost come to a standstill. is there much that the bank can do to help that all important sector get back up and running? so, youre right. first of all, this is a key issue, and its a big...

Support. now, 0dile, do you worry that the war could continue at a low level with the occasional strikes on the capital, kyiv, and maybe other major cities in ukraine. and that would, i guess, well, it would mean companies are going to be somewhat reluctant right. to to bring in international expertise to help the reconstruction. no, i really agree that this is a very, very likely scenario and that we are not going to move very swiftly from war to peace and reconstruction. its very difficult to ...

And 0dile, were hearing that ukraine will need upwards of $600 billion for reconstruction. do you believe that money will be forthcoming? i think, first of all, we dont know exactly what are the amounts for the reconstruction that will be needed because we are still in the war. so its very difficult to assess. we know now some key infrastructure buildings, some cities have been completely destroyed. i think the ukrainian government has given this assessment of 500, 600 billion. so its difficult ...

And that number, its growing every day. the destruction ranges from roads and bridges to factories and apartment blocks, and the cost of rebuilding all of that when the fighting is over will be enormous. and ukraine simply cant afford it all by itself. but one organisation thats already looking at how it can help is the european bank for reconstruction and development, known as the ebrd. it was set up to help rebuild central and eastern europe after the fall of communism in russia 30 years ago. ...

We expand loans to clients in the private sector, a bit of our activity also in the public sector, for example, in key infrastructure that will be important for the development of the market economy, private sector companies and so forth. and this makes you one of the right organisations, if you will, to help rebuild ukraine, then? yes, because ukraine has been one of our first countries of operation. weve invested a lot in ukraine in the last 30 years. we are one of the most important, the most...

More expensive to rebuild. yes, indeed, its going to be more expensive. but also, the war has not only an impact now today, it has not only an impact on ukraine, but it has also an impact on all the economies. and weve been looking at the impact on all our countries of operation. it may have different channels of impact, but all countries will be affected by the war, either through energy prices, gas prices, energy security, food prices or the need, for example, for countries in central asia, th...

And whats one of the origin of what came with hitler and nazism and so forth. so i think that for europeans, this is a part of the memory and we need to keep that in mind. but this debate will have to take place. this might be a hard a hard question to answer, because the war is still ongoing, as you and i sit here. but once the war is over, how long would it take to rebuild ukraine? a few years. a few years, several years. its clear, and it depends there, again, at the level of destruction and ...

Cities in ukraine. and that would, i guess, well, it would mean companies are going to be somewhat reluctant to to bring in international expertise to help the reconstruction. no, i really agree that this is a very, very likely scenario and that we are not going to move very swiftly from war to peace and reconstruction. its very difficult to engage into reconstruction and new investment in a country where you dont know how long this will stay and whether there is a risk of destruction very quick...