7 hours agoThe World Bank publishes the figures: How much money Ukraine needs to recover
Periskopi(a year ago)
(a year ago)The estimated cost of recovering Ukraine's economy after the large-scale invasion of Russia has reached $524 billion, nearly triple its expected 2024 production, the World Bank, the United Nations Organization, the European Commission and the Ukrainian Government have come to an end. A new study by [...]
A new study by institutions included data from the launch of the Russian occupation three years ago, until December 31st, 2024, includes a 70 per cent increase in damage to Ukraine's energy infrastructure from Russian attacks.
It showed an increase of over 7 percent from the latest estimated $446 billion a year ago, while housing, transportation, energy, trade and education were named the most vulnerable sectors, Reuters reports.
The study estimates the direct physical damage to buildings and other infrastructure, the impact on people's lives, and the cost of the best “reconstruction”, the institutions said in a joint media communique.
American President Donald Trump is making efforts to end the war through separate talks with Russia and Ukraine, and has told reporters during a meeting with French President Emmanuel Macron that a deal can be reached within weeks.
Last “Vitin, the recovery of Ukraine has continued to deteriorate due to Russia's continuing attacks”, Ukraine's prime minister, Denys Shmyhal, has said.
The Ukrainian government has allocated $7.37 billion to address priority needs in 2025 with donor support, but continues to have a funding gap of nearly $10 billion, it said in the joint community of institutions.
The latest estimate, using a universal methodology for calculating damage and needs, found that direct damage from Russian attacks in Ukraine increased to $156 billion, up from $152 billion, was reported in February 2024.
About 13 percent of Ukraine's habitable assets have been damaged or destroyed, affecting over 2.5 million families.
Ukraine's settlements occupied by Russia in 2024
The report cited a 70 per cent increase in energy damage from the last estimate, made a year ago, including the production and distribution of local electricity and heating.
The housing sector needs about $84 billion for recovery, while transportation needs nearly 78 billion. The power and mining sector needs about 68 billion -- trade and industry sectors over 64 billion -- while the agriculture sector needs over $55 billion.
Only the cost of cleaning and managing ruins was estimated to amount to about $13 billion, the report said. /euronews
