Ukraine sustained $326 billion in direct war costs so far, PM says

6 September, 10:39 AM
Denys Shmyhal (Photo:REUTERS/Yves Herman)

Denys Shmyhal (Photo:REUTERS/Yves Herman)

The costs of verified damage to Ukraine, caused by Russia’s full-scale invasion, exceed $326 billion, Ukrainian PM Denys Shmyhal told Ukrainian news agency Interfax-Ukraine on Sep. 5.

“Partnering with the World Bank, Ukraine’s Development Ministry has verified $326 billion in damage from Russia’s (invasion), to date,” Shmyhal said.

“These are physical, direct and verified losses.”

The PM added that the same analysis has established that $105 billion will be necessary to rebuild destroyed and damaged infrastructure.

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Ukraine’s immediate reconstruction needs are at $17 billion, of which $3.4 billion will be provided to Ukraine in 2022, with the rest expected next year.

The Ukrainian government presented its post-war reconstruction plan, projected to cost at least $750 billion, at a conference in Lugano, Switzerland, in early July.

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