The private sector should take over responsibility, the outlet has cited a senior official as saying
US President Donald Trump’s administration is not interested in taking part in the reconstruction of Ukraine after the conflict is resolved, Bloomberg reported on Friday.
Trump’s team has signaled that it doesn’t intend to engage directly in rebuilding the country, suggesting that this responsibility would be handled by the private sector, the outlet said, citing a senior diplomat.
The stance marks a significant shift from the policies of Joe Biden’s administration, which has spent around $100 billion on financial aid and military assistance to Kiev since the escalation of the Ukraine conflict in 2022, and pledged support with the post-conflict reconstruction.
Kiev has ramped up its privatization efforts to draw in foreign capital as it seeks private investors to support the country’s reconstruction. Aleksey Sobolev, Ukraine’s first deputy economy minister, outlined a $500 billion reconstruction initiative aimed at bringing both strategic and financial benefits to Western investors.
“It’s the private sector that’s going to be doing these investments,” Sobolev said on the sidelines of the World Economic Forum in Davos on Thursday, according to Reuters.
“We’re looking at privatizing more. It’s the right time right now to open the bigger companies,” he added.
The US president told participants of the forum in Davos on Thursday that he wanted to end the conflict, which he described as “an absolute killing field.” Trump also reiterated that he is willing to meet with Russian President Vladimir Putin “soon” to discuss the situation.
During his campaign, Trump repeatedly pledged to end the Ukraine conflict within 24 hours of returning to office. However, he later revised the timeline, expressing the hope that he could negotiate a peace agreement within six months.
US media outlets have reported that Trump’s team is considering a peace plan for Ukraine. The proposal could include a ceasefire along the current front lines and the establishment of a 1,300-km (800-mile) demilitarized zone monitored by European troops. Additionally, Ukraine would reportedly agree to postpone its NATO membership ambitions for at least 20 years.
Moscow, however, has rejected the idea of freezing the conflict, with Russian Foreign Minister Sergey Lavrov stating that the Kremlin “is, of course, not satisfied” with proposals to delay Kiev’s NATO aspirations and deploy Western peacekeepers in Ukraine.
Russia has maintained that hostilities will cease only after Kiev agrees to permanent neutrality, demilitarization, and denazification, emphasizing that Ukraine must acknowledge territorial “realities on the ground.”
Moscow is now awaiting signals from the new US administration, Kremlin spokesman Dmitry Peskov said on Friday, stressing that the Russian president is ready to speak with his US counterpart.
