Russian war in Ukraine causes direct damage worth $108B - research

Russian war in Ukraine causes direct damage worth $108B - research

The total amount of documented damages brought by the Russian invasion of Ukraine has reached $108.3 billion, while minimum recovery needs is estimated at $185 billion

That’s according to research by KSE Institute, seen by Ukrinform.

As of August 1, 2022, the losses to Ukraine’s economy from the damage and destruction of residential and non-residential buildings and infrastructure (in monetary terms) have reached at least $108.3 bln.

Compared to the previous estimate as of June 13, the total amount of documented damages increased by $12.8 billion. The key factor in the growth was the increase in the number of damaged and destroyed real estate objects. They comprise is the largest share of the total amount of damages. According to the latest data, at least 129,900 residential buildings were damaged and destroyed, of which 114,700 were private houses ($5.4 billion) and 15,100 — apartment buildings ($42.3 billion).

Read also: Ukraine forces rebuff Russian attempts to advance in several areas

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.

Since the beginning of Russia’s full-blown war on Ukraine, at least 388 enterprises, 18 civilian airports, 764 kindergartens, 43,700 agricultural machinery units, 1,991 shops, 27 malls, 511 administrative buildings, 28 oil depots, 105,200 private cars, and 634 cultural facilities have been damaged, destroyed, or seized.

Read also: Ukraine’s culture minister, U.S. ambassador talk cooperation in supporting Ukrainian media

As Ukrinform reported earlier, agricultural losses as a result of the Russian invasion of Ukraine amounted to $4.3 billion (as of June).

Sign up for our free newsletter

Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2023 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: