{
Council of Europe Development Bank

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Ukraine and Council of Europe discuss compensation mechanisms for war damages
Ukrainian Prime Minister Denys Shmyhal met with Council of Europe Secretary General Alain Berset in Kyiv to discuss international compensation mechanisms for damages caused by Russia. Shmyhal emphasized the need for Russia to pay for destruction and called for the swift establishment of a Compensation Commission and Fund, alongside a Special Tribunal for war crimes. He also expressed gratitude for the Council of Europe's support in justice, reconstruction, and the HOME project, which aims to address housing destruction with over 1 billion euros allocated until 2027.
Interfax-Ukraine
Euro Council of Europe Development Bank UKR RUS Denys Shmyhal Alain Berset
Regulatory & Legal, Press Release
19:47 06.12.2024
Ukraine and Council of Europe discuss compensation for war damages from Russia
Ukrainian Prime Minister Denys Shmyhal and Council of Europe Secretary General Alain Berset discussed compensation for damages inflicted by Russia on Ukraine, emphasizing the need for an international compensation mechanism. Shmyhal highlighted the establishment of a Register of Damages and the importance of creating a Compensation Commission and Fund, alongside efforts to hold Russian war criminals accountable, particularly for the abduction of Ukrainian children. He expressed gratitude for the Council of Europe's support in justice and reconstruction efforts, including a significant financial commitment from the Council of Europe Development Bank.
@ukrinform
Euro Council of Europe Development Bank UKR RUS Denys Shmyhal Alain Berset
Regulatory & Legal, News Article
18:28 06.12.2024
development banks commit to 120 billion dollars in climate finance by 2030
At COP29 in Azerbaijan, major multilateral development banks pledged to raise $120 billion annually in climate finance for developing nations by 2030, a significant increase from previous years. This effort aims to support poorer countries in reducing emissions and adapting to climate impacts, although it falls short of the trillions needed. MDBs emphasize that their ability to scale up finance relies on increased contributions from their country shareholders and facilitating private sector investment.
Bloomberg.com
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13:34 12.11.2024
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