The Cabinet of Ministers of Ukraine has allocated the first billion hryvnias from the reserve fund for the restoration of the territories of four regions liberated from Russian troops, Prime Minister Denys Shmyhal reported via the Telegram messenger on April 10.
He said the money would be used to eliminate the effects of hostilities and the priority restoration of infrastructure.
Shmyhal specified that Kyiv Oblast would get UAH 400 million, Chernihiv and Sumy Oblasts would receive UAH 250 million each, and Zhytomyr Oblast would be provided with UAH 100 million for the restoration of infrastructure.
"The funds will be used to repair engineering networks and systems for the restoration of heating, gas, water, and electricity. Also for demolition, repair of roofs, replacement of windows and doors, elimination of potholes on the roads and other urgent needs," the prime minister said.
Shmyhal added that the funds will be managed by civil and military administrations in each oblast. On the government side, the process will be coordinated by the Ministry of Communities and Territorial Development of Ukraine.
"This is only the first stage, and there will be a lot of work ahead on the capital restoration of our country. We will proceed to this immediately after our victory," he said.
Earlier, in an interview with NV, Shmyhal said that Ukraine's losses from a full-scale Russian invasion had amounted to "hundreds of billions of dollars."
"The regions affected by the ongoing war are a home to 30% of Ukrainian companies who used to produce more than 50% of our GDP. Now, as battles go on, we're losing 35% to 50% of our economic output. This is a major, painful hit for the country. However, we have enough reserves," he explained.
At the same time, the World Bank predicts that Ukraine will lose about 45% of GDP by late 2022 as a result of the war with Russia.