Ukraine's post-war reconstruction will require €349 billion

18:49 09 September Kyiv, Ukraine

According to a joint analysis by the government of Ukraine, the European Commission and the World Bank, the post-war reconstruction of Ukraine will require €349 billion. This amount may increase due to the fact that hostilities are still ongoing.
A preliminary estimate, reflecting the country's minimum needs, was given on the basis of damage data inflicted by Russia from February 24 to June 1. Physical damage amounted to at least $97 billion. The housing sector, transport, trade and industry were particularly affected. The destruction is concentrated primarily in the Donetsk, Lugansk, Kharkiv, Kyiv, Zaporozhye and Chernihiv regions.

Over the next 36 months, Ukraine will need $105 billion to meet its most urgent needs, including:
  • restoration of education and health,
  • heating and power supply systems,
  • agricultural support,
  • repair of the most important transport routes,
  • clearance of territories,
  • clearing settlements from rubble.
“Only within the framework of the first stage of restoration work, the country needs $17 billion, of which Ukraine needs $3.4 billion this year, ” Ukrainian Prime Minister Denys Shmyhal said.
The head of the European Commission Ursula von der Leyen noted that the European Union has already collected 10 billion euros for financial, humanitarian and military assistance to Kyiv. Another five billion will be allocated later.