The cost of rebuilding Ukraine’s economy after Russia’s invasion has soared to $524 billion, according to a new assessment by the World Bank, United Nations, European Commission, and the Ukrainian government. This figure now stands at nearly three times Ukraine’s projected economic output for 2024.
The report, covering the period from the invasion’s start three years ago through December 31, highlights a 70% surge in damages to Ukraine’s energy infrastructure due to intensified Russian attacks.
This marks a 7% increase from last year’s estimate of $486 billion, with housing, transport, energy, commerce, and education among the hardest-hit sectors.
The institutions outlined the extensive physical destruction, its impact on Ukrainian lives and livelihoods, and the significant cost required to “build back better.”
In response to the growing needs, Ukrainian Prime Minister Denys Shmyhal stated that ongoing Russian attacks have further expanded the country’s recovery demands. Ukraine has allocated $7.37 billion for priority projects in 2025 but still faces a $10 billion funding gap, according to the joint statement.
Meanwhile, U.S. President Donald Trump is pushing for separate peace talks with Russia and Ukraine, suggesting during a meeting with French President Emmanuel Macron that a deal could be reached “within weeks.”
Comments