this is al jazeera and these are the headlines. two prominent ministers in the u.k. have resigned. the health secretary and the finance minister say they have lost confidence in prime minister boris johnson following a series of scandals. the suspect in the july 4 parade shooting near chicago has been charged with seven counts of murder. police say the 21-year-old plan the attack for weeks and bought the weapon illegally. dozens injured. kamala harris has called for tougher gun laws during her speech at a conference in chicago.

vp harris: an assault weapon is designed to kill a lot of human beings quickly. there is no reason not we have weapons of war on the streets of america. we need a reasonable gun safety laws. maryam: russia has struck several targets across ukraine's eastern domestic region -- d onetsk region. vladimir putin claimed victory in the neighboring province. a market was hit on tuesday, killing at least two people and injuring several others. regional police say residential buildings were hit, injuring several civilians. attacks have been reported. finland and sweden have begun the process of joining nato. the nordic countries pushed for

membership after russia invaded ukraine. an explosion killed two peacekeepers. their vehicle struck a bomb on the road. five others were injured. no group has claimed responsibility for tuesday's attack. six people have been killed and 30 others injured at an explosion at an arms deco in yemen. it is not sure what caused the explosion. there has been no claim of responsibility. many suffered critical injuries and it is feared the death toll could rise. yemen has been engulfed in a civil war since 2014 when houthi rebels seized the capital and forced the government into exile. those are the headlines hit i will be back with much more news for you here on al jazeera after "inside story." you can always find much more on ♪ur website, aljazeera.com.

>> representatives from 40 countries and international organizations it discussed the reconstruction of ukraine not after about wildly fighting still rages but isn't this a little premature? will the principles they agree onave any lasting impact? this is "inside story." hello. welcome to the program. within four months of war has destroyed countless cities and towns in ukraine. its allies want to start rebuilding as soon as possible.

within 40 nations and international organizations have outlined priorities for the reconstruction of ukraine. they met 2000 kilometers west of kyiv in the swiss city where they agreed on the principles. the guidelines include strengthening the rule of law, fighting corruption, and improving sustainability. but is no small task. the prime minister estimates the cost of rebuilding ukraine at $750 billion. >> my all of us in the room together -- what combines all of us in the room together is providing the people of ukraine with the prospect of a return to a life of self-determination, peace, and a bright future. that road is long but it is never too early to prepare for the time when the weeping falls silent. >> europe has a special

responsibility and strategic interest to be at ukraine's side every step of the way. ukraine wants to be part of our european union. and we want ukraine to become a member of the european union. ukraine is highly motivated to work with us in this direction. and we will do our utmost to support these efforts. >> russia needs to be held to account for this appalling war that has been perpetrated in ukraine and we are looking at options for the deployment of russian assets. we discussed it at the g7 and many of our allies are looking at how we can make sure that russia is contributing to ukrainian recovery. >> we will begin our discussion in a moment. alan fisher has this report from

a ukrainian city. alan: when the committee is told it will take 750 billion dollars to rebuild ukraine, it sounds like a lot of money because it is a lot of money. and a lot of that will be spent on big infrastructure programs, rebuilding bridges and roads, rebuilding a water system that had been destroyed in the first few months of the war but it also boils down to something like this, a place where a woman called natalia called home. she lived here with her three children and her husband and it was destroyed during the russian advance and as you can see, there's absolutely nothing left. everything she has has gone and there are thousands of homes, tens of thousands of homes around this country that will have to be rebuilt. even today, we are seeing engineers and builders who are looking at buildings nearby that have been hit and affected by what has happened over the last couple of months to see what can be rebuilt or what will have to be pulled down. all of that cost money.

6 million people left the country. many of them have not seen their homes yet. they will come back to places that are absolutely completely destroyed. to rebuild them, the ukrainian government knows he needs money and to rebuild them, the ukrainian government knows that the money has to come from international donors. the wants the international community to know that when they give that money, they are helping her and her family get back into her home. right at the moment, all they have is nothing. alan fisher for inside story. >> let's bring in our guest for this edition of "inside story." in copenhagen, the co-woman of the transatlantic task force at ukraine. in london, timothy, a senior sovereign strategist at blue bay asset management. and hannah, a director of the

security studies program at ukrainian prison, a foreign policy and security think tank. a warm welcome to all of my guests. can i begin with you? the war is not over. this conference is talking about reconstruction. even at the nato conference in madrid, ukraine and its president were asking for more munitions. the war is ongoing. is this a subject that's far too early to be discussed and far too early to have a meeting about? >> given the immensity of the construction efforts that ukraine will have to engage in, one cannot dart to early -- start too early. it will be possible to start the actual reconstruction. all of the necessary mechanisms are in place and moreover, the recovery will require massive

financial resources and therefore it is already important and crucial to start confiscating russian assets in the west so they are regularly available by the time circumstances allow for their construction to start. finally, this immense effort will require the outstanding coordination of a very complex and abroad. therefore, this conference was an important opportunity to establish the platforms that will allow for it to start and the approaches to this recovery have been agreed upon. >> we are going to delve into those issues within the next half-hour. would you agree with all of that? >> yes, but also, you need to understand that when we are talking about the so-called marshall plan for ukraine, we are also talking about the physical reconstruction of all those objects that have been

destroyed in the territory of ukraine, asking for the restoration of will some hospitals. but also, ukraine requested -- part of them are going to the reforms, reforms needed for the european integration of the country. some of them are needed for the energy independence of the country. that is the question we already can resolve. they want ukraine in this direction and considering how in these work conditions, a lot of the processes are for implementing the offline. estate services is an important way. what we call reconstruction is not only the reconstruction -- the modernization. exactly what the marshall plan did 70 years ago. >> tim, can i bring you in here?

this meeting that is happening in switzerland has slightly morphed from what would have been an e.u. meeting to talk about how ukraine needs to improve into what is now a larger conversation about ukraine's recovery after a war. planning these sorts of things, setting about how you get the money together and who does what is an immense task and with that comes a very large price tag. when you heard about this, what was your initial reaction about trying to rebuild while there is a war still going on? timothy: the two phases to this. the first one is funding ukraine , making sure it is successful and members came out this week about that. 65 billion to year end and presuming there is going to be a piece, they will need to be a reconstruction and i think the west will want to make sure ukraine is successful so we are in the reconstruction numbers

paid $700 billion. i mean, kind of what we know is there's been a real gdp decline in ukraine, 30 or 40%. dollar exchange rate move. dollar gdp was 200 billion. it's going to be 100 billion after, about $100 billion loss. the infrastructure hits, huge impact on airports, on roads, on schools, hospitals, you name it. it's been very hard to put a figure on that. the ukrainians have been quite systematic, gone through the list of big infrastructure, thinking about housing, residential, etc.. it could be anywhere from 300 to 700 tim a very big number and someone has to pay for it. as already has been mentioned, there is a big pot of money that is accessible, 300 billion dollars of frozen central bank

of russia reserves. it is in the bank of england, the ecb. we have access to it. i think it should be confiscated and used for ukraine reconstruction. it's ridiculous to think western taxpayers have got to pay this $700 billion when the country that has been doing the damage -- russian missiles, russian attacks on ukraine. it is responsible for war crimes and the loss of huge amount of infrastructure. we should pay. the money is there. make sure they should make the legal changes required to make sure these russian assets are deployed to ukraine. >> that is part of the next question. is there a legal way to fund this when you talk about confiscating their money without them coming back to the courts in the future and saying what was done to us was on air and illegal. have you ever had any experience

of this sort of scenario that this could happen? that it is a possibility? are we venturing into new areas of the legal realm of confiscating individuals, assets, and using them to rebuild the country? >> there is a precedent which was the first goal for when iraq was made to pay reparations to kuwait on the sovereign side. i think it should be fairly clear-cut. the 300 billion dollars in assets and mentioned was the central bank of russia, the russian state. the russian state should be made to pay and then there is the oligarch money. i am not quite sure exactly how much has been frozen but we are talking about tens of billions of dollars and it is a case-by-case basis and it is up to the western legal authorities to make sure they build a good

cast-iron case. many of these oligarchs are extensions of the russian state. their enterprise is very often -- it acts on russian state interests so the west will have to prove that the g7 communique from last week spelled it out and especially -- essentially said we want to do this. it's up to the individual. it is a case-by-case basis, depends on the individual western countries and their own legal system. >> you to come in that? -- there? 3 the -- hanna: you need to be a little bit more creative. first of all, most of those -- it is written very clearly why they are there because they had a very direct -- supporting their policies, but from either side, we can make the parallels with the latest u.k. legislation.

you need to prove what is your assets. that has been done exactly. they have been laundering money in london and the united kingdom. if these oligarchs will be able to prove this money, is it legal or not, and as we do for many of the investigations, offshore and about the activities of these oligarchs, they will not be able to prove what is the real source for that. >> if you have this big pot of money available and those options of oligarch money that has been confiscated, there's talk of getting to financial institutions of which we h have tim here. much is being said about the marshall plan. for some viewers who might not know what that is, it was a plan needed by the americans in

europe after post world war ii to rebuild europe and make sure trade and communities could thrive after what was a terrible global conflict. what is being said about the marshall plan and implications of that in this particular case, can you see similarities that can be used? >> this is taking place and there have been a number of electoral commitments made. they announced they would establish a platform to indicate 100 billion for the recovery effort. there were a number of commitments from partners to take over the reconstruction of specific ukrainian cities and regions and i got the impression that the marshall plan per se in its full fledged version is not perceived by national partners

as something that is timely right now. seems like these individual efforts and setting up of the general reconstruction platform will be the focus or the priority for the next few months whereas the full-fledged marshall plan is something that national park seems to be putting on hold right now and i did not get the question that this is something that was already discussed in depth in the framework of this conference. >> a lot of money and figures are being bandied around at the moment certainly by those that are at this conference in switzerland and yet their respective populations are watching what is going on back home. you are in london. she is an copenhagen and hanna is in norway and these companies are offering money to ukraine at a time -- i'm sure you can tell

us about the markets -- the public is worrying about how much food they can put on the table, how fuel prices are increasing. they are seeing their government offering another nation, billions and billions of dollars. how is that sitting within the markets about the way people feel and the way you are seeing investments? >> populations in west european countries -- i think people get it. this is a challenge to our system of government, the way we work, the way we live. there is a cost and a price to pay. unfortunately, it has been paid through high inflation. it's very painful. our government need to work harder to target support for poorer sections of our populations but in the end, we have to think how are we going to pay this? why should western taxpayers pay when there's hundreds of billions of dollars of russian money sitting there in the west

that we can use for the reconstruction? there's no reason why western taxpayers should have to pay for this. russia should have to pay for the damage. it has been carried out in ukraine. you mentioned the market. the market can partner up with the western taxpayer. big banks from international financial markets. you will be willing to buy into this ukraine recovery by official lenders need to think about how at the moment ukraine 's support is working. at the moment, ukraine has fortified the deficit which is being funded by some western governments. part of it has been funded by debt. ukraine can end up with 100% debt to gdp ratio. it would make the market axis very difficult once the war ends and you could have the

complicated restructuring. they would be less willing to lend. those governments that are providing funding to ukraine at the moment needs to change the orientation away from debt to credit to grant aid. >> obviously, it's been made very clear by everybody that is attending in switzerland that this is not a pledging conference. it's a way of looking forward at how much all of this would cost. i can see alayna agreeing to that but we have seen historically pledging confidence before. in some cases, they benefited on a small level to these sorts of pledging conferences. do you think this will be different? >> it will be different because that is not just a pledging conference that the conference about the reconstruction of

ukraine and reporters in ukraine and the original name of this event because it has been planned several months ago. exactly -- we had to go over in london, copenhagen. what ukraine can do -- that is not just donors. they were predominantly donors when they were coming, looking at what they have in their pockets, and how they can do the reconstruction in the country. the idea behind these, being much wider. as partners, ukraine and our partners around the world wanted to discuss what should be the future of ukraine, what type of ukraine we would like to build. it is not just money we are giving to reconstruct the school but also how to make ukraine more efficient in times of war,

how to help our financial system, what to do with our ener system. while we are coming to the end of the work, we are not starting from -- we already have a certain plan with the future of ukraine should be. you should be done already not wasting time while the war is over. >> it is estimated that 45 million square meters of housing has been destroyed, 200 56 enterprises, six hundred 56 medical institutions, 1001 hundred 77 educational institutions have been damaged, destroyed, or seized. obviously, the job has to start from the bottom up words and you have to start on a small level to get the community involved at the ground level. i mean, how do you see recovery? it is easy to say so much money is required for all of this but somebody has to actually do it and they have to organize it.

how do you see the process moving on? 3 i would like -- timothy: -- >> i would like to go back on what hanna said. there is a number of very concrete steps the ukrainian government can already move forward with without waiting for it to be won. i agree that these steps will be critical for the success of the reconstruction effort. and conditionality's that ukraine committed to comply with when it was given recently. it is critical to ensure the appointment of the leadership of institutions and while ukraine has one of the most -- infrastructures in the world, it is important to make it fully functional.

as to the process going forward, i think that is while the partnerships and assistance packages that have been announced at this conference are quite impressive in ukraine appreciates that. i believe more commitments will follow as soon as the ukrainian government will use the finalized plan of the recovery. as of now at the conference, it will be a summary of the plan which has been announced. i believe it's important to see the detailed planned for the international community to be able to commit so it's not pledging confidence. the recovered plan is still a living document. it engages local communities,

and leadership. this is why the last eight years have been committed among other forms to making sure that communities have a seat at the table. i can see some concerns with regard to making this recovery process inclusive enough. >> let me jump in. i want to come back to timothy. financial institutions are listening to the noises coming out at the moment. are these the sorts of conversations and words they want to hear about, you know, dealing with corruption, getting the community involved at the grassroots level? even the head of the european international bank is saying you have to start at a macro level,

star at the ground level to start rebuilding and you also have to make sure the bombs stopped. >> you need peace, macro stability, issues like finding corruption -- what i would highlight it as you can get an impression that somehow, the west needs to intervene and run ukraine after the war. actually, ukraine has done an incredible job in stopping an enormous russian military machine. they showed ingenuity and innovation. the electricity works, the railways were. institutions work. that is utterly remarkable so once the war stops, new ukraine, and not the old ukraine, the oligarchs, the committee starts to floors and build on what was achieved during this conflict which is uniting the country,

focusing the country on delivering a victory and it's almost like a state of israel moment for ukraine. they rallied around and worked together and achieved some remarkable things and i think, actually, the reconstruction recovery can be a huge success with this focus, with the ambition, with western support, refinancing from those russian assets. and with the innovation in ingenuity that this border country in europe can deliver, the private sector will be interested in getting involved in that. >> we have to leave it there. it has been interesting. we will come back to it again in the future. i would like to thank my guests, timothy ash in london, and hanna in norway. thank you are watching this addition of "inside story -- edition of "inside story." for further discussion, go to our facebook page,

facebook.com/ajinsidestory. from the "inside story" team in doha, thank you for your time and your company. ñcñcñcñcooooooo7ú oñoñoñoñoñoñoñ

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