An updated joint Rapid Damage and Needs Assessment (RDNA5) released by the Government of Ukraine, the World Bank Group, the European Commission and the United Nations estimates that nearly $588 billion will be required to support Ukraine’s reconstruction and recovery over the next ten years. The figure, covering the period from February 2022 through December 2025, reflects the expanding footprint of destruction from Russia’s full-scale invasion and is equivalent to almost three times Ukraine’s projected GDP for 2025.

The latest assessment finds that direct war damage has risen to over $195 billion, with the most significant reconstruction needs in the transport, energy and housing sectors. Transport infrastructure alone accounts for more than $96 billion of the total estimated needs, while energy and housing each require nearly $90 billion.

Authorities say efforts are ongoing to address urgent priorities such as repairing housing, restoring critical services and demining, with more than $20 billion already provided for early recovery since the start of the conflict. However, the scale of damage and the complexity of Ukraine’s rebuilding challenge mean that sustained international financial support and private investment will be crucial for progress over the coming decade.

This release comes as the war enters its fifth year, highlighting the long-term economic and social impact of the conflict and the enormous cost of rebuilding — News as reported.

ADVERTISEMENT
Advertisement
Website |  + posts

Leave a Reply

Your email address will not be published. Required fields are marked *