Feb 23 β€’ 15:54 UTC πŸ‡±πŸ‡» Latvia TVNET

Ukraine's reconstruction will cost nearly $600 billion, report claims

A report estimates that Ukraine will need $587.7 billion over the next ten years to recover from Russia's damages since the renewed invasion.

A recent report highlights that Ukraine will require approximately $587.7 billion over the next decade to address the destruction caused by Russia since its renewed invasion on February 24, 2022. This joint report by the World Bank, European Commission, Ukrainian government, and the United Nations outlines that as of December of the previous year, the total damages have amounted to about $195.1 billion. The assessment signifies the severe impact of conflict on the nation’s infrastructure and economy, underscoring the urgent need for financial assistance in rebuilding efforts.

The report details considerable damages in various sectors, with the housing sector being the most affected, incurring losses estimated at over $60 billion. Additionally, the transportation sector has reported damages of approximately $40 billion. As of December 31, 2025, it is projected that 14% of residential properties will be damaged or completely destroyed, impacting more than three million households across the country. This striking data illustrates not only the physical toll of the war but also the long-term social ramifications for the affected populations.

Geographically, the most significant damages have occurred in eastern Ukraine and the region surrounding Kyiv, where about 75% of the total destruction has been recorded. This concentration of damage poses challenges for the recovery process, as rebuilding efforts must prioritize areas heavily impacted by the conflict. The report serves as a call to action for international support, indicating a critical need for collaborative financial efforts to assist Ukraine in its reconstruction endeavors, which are essential for stability and recovery in the region.

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