The Ministry of Economy estimates that the direct non-recurring losses caused by the Russian invasion now reach $565 billion, and Ukraine is short of $54 billion in capital investment.
“According to our latest estimates, direct non-recurring losses now amount to $565 billion: $119 billion accounts for infrastructure and $91 billion – for civilian facilities losses. And because of the war, Ukraine is short of $54 billion in capital investment,” Deputy Economy Minister of Ukraine Ihor Diadiura said during the nationwide telethon.
In addition, the losses caused by war have a long-term impact. Thus, according to the Ministry of Economy calculations, this year’s losses in Ukraine’s GDP will reach at least $112 billion and until 2030 – approximately $1.2 trillion.
According to Diadiura, two approaches are used to estimate losses, the amount of which is constantly changing. The first is the calculation of direct losses from destruction. The cost of the destroyed facility (house, road, school, etc.) is estimated “from scratch”.
The second approach is the calculation of the total impact of hostilities.
“The destructive impact of war is not limited to the destruction of specific buildings. We are talking about underinvestment, loss of jobs, blocking of trade,” said Diadiura.
He noted that it would take years to recover the economy. (Ukrinform/Business World Magazine)
