KYIV, June 22 – Ukraine may need up to EUR 1 trillion in outside assistance to repair the damages inflicted by Russia's invasion, Bloomberg has reported, citing the words of Chief of the European Investment Bank (EIB) Werner Hoyer, who was speaking at a press conference in Frankfurt on Tuesday.

I've put the trillion out there because I saw figures in the public space that I consider completely unrealistic when I look at the level of destruction" in Ukraine, Hoyer said.

In his opinion, Europe "will have to play the biggest role" in this effort.