The World Bank estimates that rebuilding Ukraine's economy and infrastructure, devastated over four years of Russian invasion, will cost approximately US$ 588 billion (R$ 3 trillion) over the next decade if the war were to end now.
The World Bank has released a new estimate indicating that the cost to rebuild Ukraine, which has suffered significantly from four years of ongoing conflict with Russia, will reach about US$ 588 billion (R$ 3 trillion) over the next ten years. This report, produced in collaboration with the United Nations, European Commission, and the Ukrainian government, highlights a 12% increase from the previous year, largely due to a staggering 21% increase in damages to the country's energy infrastructure, which has been a focal point of Russian attacks.
The report specifically projects costs only up to the year 2025 and does not factor in the recent upheaval caused by increased missile and drone strikes from Russia, which have led to a continuous state of blackouts in Ukraine as the country faces one of its harshest winters in decades. Ukrainian Prime Minister Iulia Sviridenko stressed the gravity of the situation by noting that the estimated cost of reconstruction is nearly three times the nominal GDP of Ukraine projected for 2025.
As the war continues with no clear end in sight, the implications of these findings are profound. Not only does this financial burden present a monumental challenge for Ukraine to recover and rebuild, but it also raises significant questions about the international community's role in financing such efforts and the longer-term economic viability of Ukraine as it seeks to emerge from the shadows of war and destruction.
