Finance
US, Ukraine to discuss post-war reconstruction at Geneva talks
Published by Global Banking & Finance Review®
Posted on February 26, 2026
3 min readLast updated: February 26, 2026
Tags:World Bank
Quick Summary
U.S. and Ukrainian officials meet in Geneva to plan post‑war reconstruction, including a prosperity package to attract public and private funding. The World Bank now pegs Ukraine’s 10‑year recovery needs at about $588B.
U.S., Ukraine to Hold Geneva Talks on Post‑War Reconstruction Funding
U.S.–Ukraine Reconstruction Talks in Geneva
GENEVA, Feb 26 (Reuters) - Ukrainian negotiators were due to meet U.S. officials on Thursday in Geneva for talks on post-war reconstruction, including a "prosperity package" of funding to rebuild Ukraine's economy, despite a deadlock in peace negotiations with Russia.
Meeting Participants and Agenda
The conversations with U.S. Special Envoy Steve Witkoff and U.S. President Donald Trump's son-in-law Jared Kushner were expected to begin around lunchtime, a Ukrainian official said. The Ukrainian delegation was not expected to speak to the media afterwards.
Parallel Iran Nuclear Discussions
Also on Thursday in Geneva, Witkoff and Kushner are due to hold a third round of indirect talks over Iran's nuclear program with Iranian Foreign Minister Abbas Araqchi, mediated by Oman.
Ukrainian President Volodymyr Zelenskiy spoke on Wednesday with U.S. President Donald Trump and agreed that the next session of trilateral talks with Russia in March should lead to a meeting of the countries' leaders to tackle the most sensitive outstanding issues.
Zelenskiy–Trump Call and Next Steps
"This is the only way to resolve all the complex and sensitive issues and finally end the war," Zelenskiy said after the call, which Witkoff and Kushner also participated in.
Reconstruction Within Broader Peace Efforts
Proceeding with the reconstruction of Ukraine after the destruction wrought by Russian aerial strikes and frontline combat has become a major element in broader talks on how to end the war, which entered its fifth year this week.
Targeting $800 Billion Over 10 Years
Kyiv hopes to attract about $800 billion of public and private funds over the next 10 years to rebuild the country.
World Bank Puts Needs at $588 Billion
The latest assessment from the World Bank released on Monday showed that rebuilding Ukraine's economy will cost an estimated $588 billion. The assessment is based on data from February 24, 2022, through December 31, 2025.
Positions Remain Far Apart
The U.S. has been pressing Ukraine to find a way to end Europe's biggest conflict since World War Two. But Moscow and Kyiv remain far apart in their positions.
No Breakthrough in Latest Round
Ukrainian and Russian negotiators met last week in Geneva for their third U.S.-mediated meeting so far this year but failed to reach any breakthrough on key sticking points, including territory.
Territorial Demands and Red Lines
Russia says Ukraine must cede the final 20% of the industrialised and heavily fortified eastern region of Donetsk that it still controls. Ukraine says it will not relinquish territory that thousands have died to defend.
(Writing by Daniel Flynn; Editing by Sharon Singleton)
Key Takeaways
- •U.S. and Ukrainian negotiators meet in Geneva to advance post‑war reconstruction planning and a potential prosperity package.
- •The World Bank’s latest assessment estimates Ukraine’s 10‑year recovery needs at about $588B as of Dec. 31, 2025.
- •Kyiv aims to mobilize roughly $700–$800B in public and private capital over the next decade for rebuilding and growth.
- •Peace talks with Russia remain deadlocked, but reconstruction planning is proceeding in parallel.
- •Related Geneva diplomacy includes indirect U.S.–Iran talks, underscoring broader geopolitical stakes.
Frequently Asked Questions about US, Ukraine to discuss post-war reconstruction at Geneva talks
1What is the main topic?
U.S. and Ukrainian officials are holding talks in Geneva focused on post‑war reconstruction, including a proposed prosperity package to mobilize large‑scale public and private funding.
2How much will Ukraine’s recovery cost?
A recent World Bank‑led assessment estimates about $588 billion in reconstruction and recovery needs over the next decade, covering damage through Dec. 31, 2025.
3What funding targets are being discussed?
Kyiv seeks to attract roughly $700–$800 billion over 10 years through a mix of international aid, guarantees, and private investment to rebuild infrastructure and the economy.
