Documented Damages Suffered by Ukraine’s Economy Have Reached $108.3 Billion – KSE

03.08.2022, 02:15 tsn.ua

Compared to the previous estimate as of June, the total amount of documented damages increased by $12.8 billion. As of August 1, 2022, the amount of damage to Ukraine’s economy from the damage and destruction of residential and non-residential buildings and infrastructure (in monetary terms) has reached at least $108.3 billion, which is equal to UAH 2,9 trillion, KSE Institute analysts report in cooperation with the Ukrainian authorities. Compared to the previous estimate as of June 13, 2022, the total amount of documented damages increased by $12.8 bln. The key factor in the growth was the increase in the number of damaged and destroyed housing. This is the largest share of the total amount of damages. According to the latest data, at least 129,900 residential buildings were destroyed and damaged, of which 114,700 were private houses and 15,100 — apartment buildings. Damages due to the destruction of apartment buildings amount to $42.3 billion, and another $5.4 billion is damages caused to private houses. The total amount of damages caused to the infrastructure has reached $31.6 billion. As a result of hostilities, damages to enterprises and industry are already estimated at $8.8 billion. The increase in the total amount of documented damages is also related to the growth in the number of destroyed and damaged education, health care, and social sphere facilities. As of August 1, 2022, 2,217 educational facilities were destroyed for $3.8 billion, damages caused to 903 medical facilities are $1.6 billion, and damages to 89 social sphere objects were estimated more than $300 million. Since the beginning of Russia’s war against Ukraine, at least 388 enterprises, 18 civilian airports, 764 kindergartens, 23 shopping centers, 43.7 thousand agricultural machinery, 1991 shops, 27 shopping centers, 511 administrative buildings, 28 oil depots, 105,200 private cars, 634 cultural facilities have been damaged, destroyed or seized. According to experts’ estimates, the recovery needs for destroyed assets are at least $185 billion or almost UAH 5.4 trillion. Recovery needs have increased by $19.9 billion compared to the last estimates due to the growth in the number of destroyed and damaged objects. 40% of this amount is needed to rebuild the housing stock — $75.3 billion. Another $42.3 billion is needed to recover Ukraine’s infrastructure. $18.3 billion and $17.5 billion — needs to restore the agro-industrial complex and land resources and industry and enterprises, accordingly. Read also:

Read full news…

Last

More news

News by day

Today,
30 of July 2025

Documented Damages Suffered by Ukraine’s Economy Have Reached $108.3 Billion – KSE

News by day

Related news