Australian billionaire, businessman, and iron ore magnate Andrew Forrest is committing $500 million to help Ukraine rebuild.
“We will take advantage of the fact that what the Russians have destroyed can readily be replaced with the latest, most modern green and digital infrastructure,” says Ukrainian President Volodymyr Zelenskyy.
Forrest’s $500 million commitment is part of a $25 billion international investment fund entitled Ukraine Green Growth Initiative. It will focus on green infrastructure and energy – including a green energy grid. Forrest hopes that the fund will help Ukraine “enter a golden era,” and that Ukraine will soon be able “to deliver strong economic growth in Europe.”