According to the World Bank, the United Nations, the European Commission, and the Ukrainian government, the anticipated cost of reconstructing Ukraine’s economy following Russia’s invasion has increased to $524 billion, which is about three times the country’s projected economic production in 2024.
Data from Russia’s invasion three years ago to December 31 was included in a new analysis by the institutes. The study showed that Russian attacks had increased the damage to Ukraine’s energy infrastructure by 70%.
Housing, transportation, energy, commerce, and education were the sectors most impacted, according to the survey, which revealed a rise of more than 7% from the previous estimate of $486 billion a year earlier.
The organizations measured the direct physical harm to structures and other infrastructure, the effect on people’s lives and means of subsistence, and the expense to “build back better”.
During a meeting with French President Emmanuel Macron, U.S. President Donald Trump told reporters that a settlement could be struck in weeks and is pressing for separate negotiations with Russia and Ukraine to stop the war.
According to a statement by Ukrainian Prime Minister Denys Shmyhal, Russia’s continuous strikes have caused Ukraine’s recovery needs to increase over the past year.
According to the joint statement, Ukraine’s government has set aside $7.37 billion to fulfill urgent needs for 2025 with donor support, but there is still a nearly $10 billion funding deficit.
