Ukraine’s recovery and rebuilding from Russia’s invasion to cost at least $411 billion

Ukraine’s reconstruction and recovery needs have grown to $411 billion, the World Bank stated in the report.

The figure is equivalent to 2.6 times Ukraine’s projected 2022 gross domestic product. The assessment also found that the invasion pushed 7.1 million people into poverty and reversed 15 years of development progress.

Ukraine’s energy sector has seen the greatest surge in damage recently as a result of Russia’s targeted strikes on the electrical grid and other energy hubs during the winter. Total damage to the energy sector is now five times greater than it was last summer, the World Bank said.

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