WASHINGTON — Russia’s invasion precipitated over $97 billion in direct damages to Ukraine by way of June 1, however it might price almost $350 billion to rebuild the nation, a report launched Friday by the World Financial institution, Ukrainian authorities and European Fee exhibits.
It mentioned Ukraine had additionally suffered $252 billion in losses by way of disruptions to its financial flows and manufacturing, in addition to further bills linked to the conflict, whereas the displacement of one-third of all Ukrainians was anticipated to jack up its poverty charge to 21% from simply 2% earlier than the conflict.
General, the report estimated Ukraine’s reconstruction wants would attain $349 billion, as of June 1, or about 1.6 occasions the nation’s $…
Carry on studying: Rebuilding Ukraine after Russian invasion might price $350 billion, specialists say
