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Estonia Wants Ukraine Rebuilt Using Funds For Russian Energy

  • Writer: By The Financial District
    By The Financial District
  • Mar 31, 2022
  • 1 min read

Estonia wants Europe to help build Ukraine – with the money Europe is set to pay Russia for its energy.


Photo Insert: Estonian Foreign Minister Eva-Maria Liimets wants Russia to foot the bill for rebuilding Ukraine.



The funds should be deposited in a bank to Ukraine "to make an immediate impact and make Russia pay for what has been done," Estonian Foreign Minister Eva-Maria Liimets said Wednesday, USA TODAY reported.


But there is also concern that Russia could reject any delayed payment and sell to other nations. European Union leaders have been unable to impose sanctions on Russian energy exports, fearing that such a move could hurt member states heavily reliant on Moscow's fossil fuel supplies.



Liimets also stressed the importance of the EU’s commitment to cut its fossil fuel supplies from Russia by two-thirds before the end of the year, saying "the price of military action for Russia must be very high."


Estonia, with a population of about 1.5 million people, shares a border with Russia and was a part of the Soviet Union until declaring its independence 1991. Estonia became a member of NATO in 2004.





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