17:54 24 February 2024
Two Years Into the War on the Anniversary of Russia's Assault on Ukraine
Since the beginning of Russia's invasion of Ukraine, according to UN data, the number of affected civilians in Ukraine has exceeded 30,000 – over 10,000 have died, and nearly 20,000 have been injured.
Two years into the war, Ukraine needs $486 billion for reconstruction – according to calculations from a report just published by the World Bank. This is almost three times the estimated nominal GDP of Ukraine for 2023 and about 70 percent of Poland's GDP. This half a trillion dollars covers the costs of rebuilding and restoring infrastructure in an ambitious 10-year perspective.
The World Bank report indicates that the greatest current needs of Ukrainians are in housing (over $80 billion, or 17 percent of the total necessary expenditure). According to experts' estimates, 10 percent of Ukraine's total housing resources have been destroyed or damaged.
