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European allies step up plans for Ukraine stabilisation, with US attending meeting

European leaders urge private business and equity to invest in rebuilding Ukraine despite the ongoing war with Russia

Volodymyr Zelenskyy with Bulgarian PM Rosen Zhelyazkov (photo: @ZelenskyyUa/X)
Volodymyr Zelenskyy with Bulgarian PM Rosen Zhelyazkov (photo: @ZelenskyyUa/X) @ZelenskyyUa/X

Countries prepared to provide troops for a post-ceasefire force in Ukraine agreed to set up a headquarters in Paris for a rapid deployment after hostilities end in Russia's war on its neighbour. A US delegation was present for the first time at a meeting of the group on Thursday, 10 July.

Retired Lt. Gen. Keith Kellogg, US President Donald Trump's special envoy for Ukraine and Russia, was on hand for the meeting, which took place on the sidelines of the fourth annual conference on Ukraine's recovery held in Rome.

Also present were Republican Sen. Lindsey Graham and Democratic Sen. Richard Blumenthal, who have co-sponsored a new sanctions bill against Russia, calling in part for a 500% tariff on goods imported from countries that continue to buy Russian oil.

French President Emmanuel Macron and UK Prime Minister Keir Starmer joined the meeting via videoconference from Britain, where Macron is on a state visit.

European leaders urged private business and equity on Thursday to invest in rebuilding Ukraine now, even as Russia accelerates its war, as they opened an annual recovery conference with announcements of a new equity fund and public-private partnerships amid uncertainties of the US commitment to Kyiv's defense.

Published: 11 Jul 2025, 2:02 PM IST

Italian Premier Giorgia Meloni and Ukrainian President Volodymyr Zelenskyy kicked off the proceedings in Rome as Moscow pounded Ukraine's capital with another major missile and drone attack overnight in some of the heaviest attacks on Kyiv in the more than three-year war.

The conference is expected to finalize individual deals of guarantees and grants to unlock more than 10 billion euros (around $12 billion) in investments, Meloni said. The European Commission, for its part, announced the creation of the European Flagship Fund for the Reconstruction of Ukraine, the largest equity fund to date to support the country.

“The message we want to send today to businesses is: Don't be afraid to invest to build and rebuild Ukraine,” Meloni told the gathering of business, political and development representatives. “The reconstruction of Ukraine is not a risk. It's an investment in a nation that has shown more resilience than any other.”

In a statement, coalition members said they had agreed on a Paris headquarters for the first year of the force, which is to be known as the Multinational Force Ukraine, and then rotating it to London, with plans for a coordination cell in Kyiv, Ukraine's capital.

The force, whose 30 or so members weren't identified, is expected to provide logistical and training experts to help reconstitute Ukraine's armed forces, secure Ukraine's skies and the Black Sea. No specific commitments were announced and Blumenthal and Graham ruled out any plans for US troops on the ground.

Starmer said the “reassurance force” is essential for delivering security to Europe.

“That is why the coalition of the willing is ensuring we have a future force that can deploy following a ceasefire to deter Russian aggression for years to come,” he said in a statement.

Published: 11 Jul 2025, 2:02 PM IST

Meloni said she was proud that Washington's participation in the coalition meeting, the sixth since the war began, happened in Rome and said it was a “fundamental” sign of Western unity in backing Kyiv.

“I do agree on the fact that we must also increase pressure on Moscow to achieve as soon as possible a ceasefire that will finally make way for diplomacy,” she said. “But as always we have to remind that it only can happen thanks to deterrence, it only can happen thanks to deterrence, as anyone who is not naive perfectly understands.”

Zelenskyy, for his part, also thanked Kellogg, Graham and Blumenthal for their attendance, as well as recent signs from Trump of support for Ukraine.

He repeated a comment that Blumenthal had made in the closed-door meeting, when he noted the number of countries willing to back Kyiv on the ground. Blumenthal said the picture of so many leaders “was worth more than 1,000 words.”

"The announced aid packages for Ukraine, and very decisive signals about sanctions — I believe that these words aren't empty, and the picture, as our American partner said today, is speaking for itself,” Zelenskyy said.

Published: 11 Jul 2025, 2:02 PM IST

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Published: 11 Jul 2025, 2:02 PM IST