At least $349 billion is needed to restore Ukraine - a joint estimate

At least $349 billion is needed to restore Ukraine – a joint estimate


The current cost of reconstruction and recovery of Ukraine after the Russian invasion is estimated at 349 billion dollars. As the war continues, that number will rise in the coming months.

This is the result of the first joint assessment conducted by the Ukrainian government, the European Commission and the World Bank.

The Ministry of Ecology assessed the damage to the environment during six months of the war in UkraineAs a result of the invasion of Russia in Ukraine, almost a third of the entire forest fund was damaged, and the number of fires increased. The Russians occupied 8 of our nature reserves and 12 national parks.
September 1, 2022, 4:22 p.m

The report states that the needs for restoration and reconstruction in the social, industrial and infrastructure sectors amount to 349 billion dollars – this is 1.5 times the GDP of Ukraine in 2021.

Over the next three years, Ukraine will need $105 billion to meet urgent needs such as rebuilding education and health systems and infrastructure, preparing for the coming winter by restoring heating and power to homes, supporting agriculture and repairing vital transport routes. In addition, demining and demolition of debris requires expenses.

As of June 1, losses to Ukraine are estimated at $97 billion. The housing sector (40% of the total amount of damage), transport (31%), trade and industry (10%) was the most affected. Donetsk, Luhansk and Kharkiv regions are the most affected, followed by Kyiv, Chernihiv and Zaporizhzhya regions.

The total damage is almost 252 billion dollars.

We will remind you that in the summer, Ukraine presented the country’s recovery plan at a special conference in Lugano.

Here you can see in detail how many schools, houses and hospitals need to be rebuilt.

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