Finance

Italy says to sign deal to rebuild Ukraine's Odesa and its cathedral

Published by Global Banking & Finance Review

Posted on January 14, 2025

2 min read

· Last updated: January 27, 2026

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Rebuilding efforts for Odesa's cathedral highlighted in Italy's support for Ukraine - Global Banking & Finance Review
This image represents Italy's commitment to rebuilding Odesa, particularly its historic cathedral, following damage from a Russian attack. The agreement with UNESCO aims to restore the cultural heritage of Ukraine, emphasizing international support in times of crisis.
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(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

Italy to Finalize Agreement for Rebuilding Odesa and Its Cathedral

(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)

Key Takeaways

  • Italy to sign a reconstruction deal with Ukraine and UNESCO.
  • Odesa's cathedral was damaged in a Russian missile attack.
  • Italy and UNESCO previously agreed on funding for the cathedral's roof.
  • Italy holds the G7 presidency, prioritizing peace and energy support.
  • The deal signing is scheduled for May 15 in Rome.

Frequently Asked Questions

What is the purpose of the agreement between Italy and Ukraine?
The agreement aims to rebuild the city of Odesa and its cathedral, which was damaged by a Russian missile attack.
How much funding is Italy providing for the restoration?
Italy is providing 500,000 euros, approximately $511,000, towards the restoration of the cathedral's roof.
When will the agreement be signed?
The agreement will be signed on May 15 in Rome, during a session in the lower house of parliament.
What other priorities did Italy mention regarding Ukraine?
Italy emphasized that supporting Ukraine's energy system is also a priority alongside the reconstruction efforts.
What role does Italy currently hold in the G7?
Italy holds the rotating presidency of the Group of Seven (G7) wealthy nations until the end of this year.

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