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Ukraine’s Reconstruction Costs Rise to $524 Billion After Three Years of War

A new assessment highlights extensive damage to infrastructure and livelihoods, with housing, energy, and agriculture among the hardest-hit sectors.

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The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
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Overview

  • The World Bank, United Nations, European Commission, and Ukrainian government estimate Ukraine’s reconstruction needs at $524 billion, a 7% increase from last year’s assessment of $486 billion.
  • Direct damage from Russian attacks has reached $176 billion, with a 70% rise in damage to energy infrastructure compared to the previous year.
  • Housing has suffered the most damage, accounting for $84 billion of long-term reconstruction needs, followed by transport at $78 billion and energy at $68 billion.
  • Ukraine’s agricultural sector alone has incurred $11.2 billion in direct losses, with $55 billion required for full recovery and rebuilding.
  • Despite allocating $7.37 billion for 2025 recovery efforts, Ukraine faces a $10 billion funding gap to address priority needs, including energy infrastructure and housing.