$152 billion needed to rebuild Ukraine – What new report says 2024-02-17 00:57:24

The sectors most affected are housing, transport, trade, industry, agriculture and energy, the report notes, with most of the damage concentrated in the oblasts of Donetsk, Kharkiv, Luhansk, Zaporizhia, Kherson and Kiev.

What a new report says

As of December 31, 2023, the cost of rebuilding Ukraine was estimated to be at least $486 billion over the next ten years. These calculations were based on the period from the start of the war, on February 24, 2022, to December 31, 2023.

The economic losses caused by the war during this period are estimated at 499 billion dollars. “The report also highlights a funding gap of $9.5 billion to fund 2024 immediate recovery and reconstruction priorities,” the report notes.

Due to small changes on the battlefield, direct damage in Ukraine did not increase much during 2023 compared to 2022, when it was estimated at $135 billion. However, the disasters in Ukraine are enormous.

“Regular heavy-handed attacks once morest infrastructure continued in 2023 with unprovoked airstrikes and drone strikes expanding beyond (…) war zones and affecting cities such as Kyiv, Odesa and Lviv,” the report’s authors said. .

The losses recorded by the report are enormous, with around 2 million homes – around 10% of the total in Ukraine – damaged or destroyed. Besides, regarding 8,400 kilometers of national roads, over 200 railway stations and 150 railway bridges have also been damaged.

It is noted that as of December 31, 2023, 5.8 million people were registered as refugees in Europe, while another 3.7 million citizens were internally displaced in Ukraine.

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