War: Ukraine needs $524bn to recover – World Bank
[NigerianEye - Nigeria] - 25/02/2025
The World Bank, United Nations, European Commission and the Ukrainian government have said that the estimated cost of rebuilding Ukraine’s economy after Russia’s invasion has risen to $524 billion, nearly three times its expected 2024 economic output.A new study by the institutions included data from Russia’s invasion three years ago through December 31, including a 70 percent increase in damages to Ukraine’s energy infrastructure from Russian attacks.The study showed an increase of over 7 percent from the last estimate of $486 billion one year ago, with housing, transport, energy, (…)
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