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Germany Ready to Consider EU Guarantees to Fund Ukraine Rebuild

The government in Berlin is willing to consider opening EU purse strings to help with Ukraine’s reconstruction.

Olaf Scholz, center, Robert Habeck, co-leader of the Green Party, left, and Christian Lindner.

Olaf Scholz, center, Robert Habeck, co-leader of the Green Party, left, and Christian Lindner.

Photographer: Liesa Johannssen-Koppitz/Bloomberg

Germany is open to discussing a broad set of measures to help Ukraine rebuild once Russia ends its war, including offering EU guarantees for financing, according to government officials.

During a cabinet meeting last week, Chancellor Olaf Scholz’s ruling coalition agreed Berlin would play a constructive role in debates about how to channel billions of euros to Ukraine, one of the officials said. Sending direct national payments is another option. The subject will be high on the agenda when Group of Seven finance ministers meet in Bonn May 18-20.