Ukraine Faces $486 Billion Reconstruction Challenge, Seeks Additional Funding
As Ukraine continues to recover from the invasion, it requires $9.5 billion more for immediate needs, with efforts to seize frozen Russian assets underway.
- Ukraine requires an additional $9.5 billion to meet its priority recovery needs, as the total recovery and reconstruction costs over the next decade are estimated at $486 billion.
- Over 37,000 infrastructure facilities were restored in 2023, including residential buildings, schools, hospitals, and critical infrastructure.
- Ukrainian Prime Minister Denys Shmyhal advocates for the seizure of frozen Russian assets as a primary resource for Ukraine's recovery.
- The reconstruction efforts aim to prioritize safety, reliability, inclusiveness, energy efficiency, and environmental friendliness.
- Direct losses from the war are estimated at nearly $152 billion, with significant damage to housing, transportation, commerce, industry, and energy sectors.