Ukraine Rebuilding Will Cost About $349bn

The World Bank, the European Commission, and the Government of Ukraine estimate that the current cost of recovery and reconstruction in Ukraine is $349 billion (€349 billion) in a joint assessment that was published today. As the battle rages on, it is anticipated that this number will rise in the upcoming months.

Following the Russian invasion, the Rapid Damage and Needs Assessment (RDNA) offers the first thorough analysis of the effects of war on twenty various sectors. Additionally, it outlines the financial requirements for a robust, inclusive, and sustainable recovery and reconstruction and offers a planning road map.

The evaluation, which looks at the effects of the battle from February 24 to June 1, 2022, determined that the fighting caused more than $97 billion in physical damage. The housing, transportation, business, and industrial sectors experienced exceptionally high levels. The Chernihivska, Donetska, Luhanska, Kharkivska, Kyivska, and Zaporizka oblasts saw the majority of the destruction.

Damage and requirements should be regarded as minimums since the RDNA data are preliminary. In preparation for the upcoming winter, the Ukrainian government is examining the unique needs in various areas. Customized recovery and reconstruction plans are being created to direct a programme in each location based on the greatest objectives.