Leaders meet in Rome amid forecasts that more than a third of rebuild costs could fall to Russia if Ukraine concedes land

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Ever-escalating Russian drone attacks and the concern that Ukraine will be split up under a future peace plan have cast a shadow over a meeting of European leaders to plan for the eventual reconstruction of the country.

The conference is the fourth in this format and is being attended by Volodymyr Zelenskyy, Germany’s Friedrich Merz, Italy’s Giorgia Meloni and Poland’s Donald Tusk. It comes at a time of unprecedented pressure on the Ukrainian economy as Vladimir Putin widens his targets across Ukraine, deploying record numbers of long-range drones.