Rebuilding Ukraine’s economy after Russia’s invasion more than a year ago is now expected to cost $411 billion, 2.6 times Ukraine’s expected 2022 gross domestic product.
The estimate released Wednesday, March 22, covers the period spanning one year from Russia’s invasion on February 24, 2022 and quantifies the direct physical damage to infrastructure and buildings, the impact on people’s lives and livelihoods, and the cost to “build back better,” the World Bank said.
He said the estimated damage and recovery needs did not include data on the loss of infrastructure, housing, and businesses in territories now occupied by Russian forces. Some 22% of the needs are in transport, while housing accounts for 17%, energy 11%, and agriculture 7%.
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