Revitalizing Ukraine: A Path to Recovery

As Russia’s invasion of Ukraine continues, millions of Ukrainians have sought refuge in the European Union. However, a sustainable solution is needed to address the protracted conflict and its economic impact. Ukrainian President Volodymyr Zelensky emphasizes the importance of the population returning to contribute to the war effort and prevent a drastic decline in the country’s demographics.

To encourage the return of Ukrainian refugees, addressing key concerns such as security, housing, and employment is essential. With a significant portion of Ukraine’s housing stock damaged or destroyed, investments in housing and employment opportunities in western Ukraine can provide a pathway for returnees.

By reallocating resources to support the re-entry of refugees, particularly in western Ukraine, the EU can foster economic growth and stability in the region. Linking relocation to employment opportunities can ensure a smoother transition for returnees and pave the way for Ukraine’s integration into the European economy.

Building a resilient development model through investments in manufacturing and SME sectors can position Ukraine for long-term economic recovery and resistance to future challenges. It is imperative to empower Ukrainian refugees with the necessary resources and incentives to rebuild their lives and contribute to their homeland’s future.

Editor’s Note: Copyright, Project Syndicate. This article was published by Project Syndicate on Aug. 9, 2024, and has been republished by the Kyiv Independent with permission. The opinions expressed in the op-ed section are those of the authors and do not purport to reflect the views of the Kyiv Independent.

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