Washington:
The estimated costs of rebuilding the Ukrainian economy after the Russian invasion are nearly triple the economic output of 2024, discovered by the World Bank, the United Nations, the European Commission and the Ukrainian government.
The new research by the institution contained data from Russian invasions from three years ago to December 31st. This includes a 70% increase in damage to Ukraine’s energy infrastructure from the Russian attacks.
Housing, transportation, energy, commerce and education are the sectors most affected, showing an increase of over 7% from the previous estimate of $486 million a year ago.
The study quantifies direct physical damage to buildings and other infrastructure, impacts on people’s lives and livelihoods, and costs to “go back for the better,” the agency said in a joint news release. It’s there.
US President Donald Trump has pushed to end the war through separate talks between Russia and Ukraine, with reporters likely to reach a deal in weeks during a meeting with French President Emmanuel Macron He says there is.
“For the past year, Ukraine’s need for recovery has continued to grow due to ongoing attacks from Russia,” Ukrainian Prime Minister Dennis Schmichal said in a statement.
The Ukrainian government, with support from donors, allocated $7.377 billion to address the prioritization needs for 2025, but still has a funding gap of nearly $10 billion, the joint statement said. Masu.
The latest assessment, which uses universal methodology to assess damages and needs, shows that direct damage to Ukraine from the Russian attack rose from $152 billion to $176 billion, from the reported $152 billion in February 2024. got it.
Approximately 13% of Ukraine’s total housing stocks have been damaged or destroyed, affecting more than 2.5 million households.
It cited a 70% increase in damaged or destroyed assets in the energy sector since its last valuation a year ago, including power generation, transmission, distribution infrastructure, and district heating.
The housing sector accounted for a long-term need of around $84 billion, followed by nearly $78 billion in transportation, nearly $68 billion in energy and mining, more than $64 billion in commerce and industry, and more than $55 billion in agriculture. continued.
The cost of clearance and management of the wreckage was locked at nearly $13 billion, according to the report.
Antonella Bassani, the World Bank’s vice president of Europe and Central Asia, said the assessment showed Ukraine already progressing in its physical and economic recovery, reform and reconstruction needs.
With support from partners and the private sector, we have ruled out more than $13 billion in needs in eight sectors already met by Ukraine. This includes payments of approximately $1.2 billion from the state budget, donor funds for housing needs, and emergency road repairs over 2,000km.
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