Russia’s damage recovery is estimated at $411 billion. The outlook for Ukraine’s economy depends on the country’s ability to raise these funds.
The UN believes that restoring Ukraine’s infrastructure, damaged by Russian strikes, will cost $411 billion. This was stated in the UN report published on Tuesday, May 16.
“Long-term prospects depend on the duration and intensity of the war and the country’s ability to finance reconstruction, which is estimated to cost $411 billion,” the report said.
The document states that, despite financial assistance from international organizations, according to UN estimates, the Ukrainian economy in 2023 will stop.
According to UN experts, by 2022, the Ukrainian economy has lost most of its industrial capacity and energy infrastructure and will shrink by 29.1%.
Earlier it was reported that a state agency for infrastructure restoration was created in Ukraine.
UN Security Council to discuss the humanitarian consequences of the war in Ukraine
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I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.