EU leaders launch work on ‘new Marshall Plan’ for Ukraine

Ms Von der Leyen said the World Bank puts the cost of damage to Ukraine so far at €350 billion.

German Chancellor Olaf Scholz, and European Commission President Ursula von der Leyen (Christophe Gateau/dpa via AP)

European Union leaders have gathered to start work on what Germany’s chancellor described as a “new Marshall Plan” for the rebuilding of Ukraine.

The Marshall Plan was a US-sponsored initiative that helped revive western European economies after World War Two.