Finance
Italy says to sign deal to rebuild Ukraine's Odesa and its cathedral
Published by Global Banking and Finance Review
Posted on January 14, 2025
2 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 14, 2025
2 min readLast updated: January 27, 2026
Italy will sign a deal with Ukraine and UNESCO to rebuild Odesa and its cathedral, damaged by a missile attack. Italy leads as G7 president.
(This April 24, 2024 story has been corrected to fix the funding to 500,000 euros, not 500 million euros, in paragraph 4)
ROME (Reuters) - Italy will sign an agreement with Ukraine and the United Nations' cultural agency UNESCO to rebuild the city of Odesa and its cathedral which was badly damaged by a Russian attack, Foreign Minister Antonio Tajani said on Wednesday.
Ukraine said the Orthodox cathedral was damaged when it was hit during a Russian missile attack on the country's southern port city in July last year. Russia denied responsibility.
"On May 15 we will sign off on a deal with Kyiv and UNESCO here in Rome for the reconstruction of Odesa and its cathedral," Tajani told a question time session in the lower house of parliament.
In February, Italy and UNESCO had already signed an agreement in Kyiv to provide 500,000 euros ($511,000) towards the restoration of the roof of Odesa's Spaso-Preobrazhenskyi, or Transfiguration Cathedral.
"As the G7 presidency, we continue to work for a just peace," Tajani told lawmakers, adding that supporting Ukraine's energy system was also a priority for Italy.
Rome holds the rotating presidency of the Group of Seven (G7) wealthy nations until the end of this year.
($1 = 0.9791 euros)
(Reporting by Matteo Negri and Angelo Amante, editing by Gavin Jones)
The agreement aims to rebuild the city of Odesa and its cathedral, which was damaged by a Russian missile attack.
Italy is providing 500,000 euros, approximately $511,000, towards the restoration of the cathedral's roof.
The agreement will be signed on May 15 in Rome, during a session in the lower house of parliament.
Italy emphasized that supporting Ukraine's energy system is also a priority alongside the reconstruction efforts.
Italy holds the rotating presidency of the Group of Seven (G7) wealthy nations until the end of this year.
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