Ukraine has been at war for three years since Russia invaded, and now experts say it will take $524 billion to fix everything that was destroyed. That’s almost three times more money than Ukraine’s entire economy is expected to make in 2024!
This information comes from a new study by the World Bank, the United Nations, the European Commission, and Ukraine’s government. The study looked at all the damage caused by the war up until December 31, 2023, and found that things are getting worse—especially in the energy sector, which has been hit 70% harder by Russian attacks in the past year.
What’s Damaged the Most?
The war has caused serious damage across the country, but some areas have suffered more than others. The study found that the biggest needs for rebuilding are:
- Housing ($84 billion) – Over 2.5 million families have lost their homes, and 13% of all houses in Ukraine are either damaged or destroyed.
- Transportation ($78 billion) – Roads, bridges, railways, and airports need massive repairs.
- Energy and Mining ($68 billion) – Russia’s attacks have left Ukraine struggling to provide electricity, heat, and fuel.
- Commerce and Industry ($64 billion) – Businesses have been destroyed, making it hard for people to work and make a living.
- Agriculture ($55 billion) – Farms, crops, and food production have been heavily affected.
- Debris Cleanup ($13 billion) – Before rebuilding can even start, Ukraine must clear out all the rubble from bombed buildings.
How Much Money Does Ukraine Have for Repairs?
Ukraine has set aside $7.37 billion for rebuilding in 2025 with help from donors, but there’s still a $10 billion gap—meaning they don’t have enough money to fix everything they need right now.
So far, $13 billion worth of needs have already been met, including:
- $1.2 billion for housing repairs
- Fixing over 2,000 km (1,243 miles) of roads
Will the War End Soon?
U.S. President Donald Trump is trying to end the war by holding separate peace talks with Russia and Ukraine. He told reporters during a meeting with French President Emmanuel Macron that a deal could be reached in just a few weeks.
But for now, the war continues, and Ukraine’s recovery costs keep rising. World Bank Vice President Antonella Bassani said that even though Ukraine has made progress, there is still a long way to go before the country is fully rebuilt.
Ukraine’s Prime Minister Denys Shmyhal says they won’t stop fighting for their country’s future, and they will continue working with international partners to rebuild Ukraine—no matter how long it takes.
