Each day, Ukraine’s losses from Russia’s war grow. Apart from the highest price — the lives of Ukrainians, Ukraine pays a heavy material price. The Kyiv School of Economics has estimated Ukraine’s direct losses from the Russian invasion in its project “Russia will pay”; they were summarized and supplemented by the Ukrainian media liga.net. Here are the main findings.
The housing stock in Ukraine has been severely damaged due to Russian aggression, resulting in the destruction of thousands of homes, businesses, shopping centers, and other buildings, with the damage already measured in tens of billions of dollars.
According to the latest estimates from the Kyiv School of Economics (KSE) project “Russia Will Pay,” the damage to Ukraine’s housing stock amounts to $54 billion as of the end of 2022.
Prime Minister Denys Shmyhal has also made the same estimate and has identified the restoration of housing as the government’s second priority after energy. He noted that 150,000 houses have been damaged or destroyed, and their restoration will be a prerequisite for the return of hundreds of thousands of Ukrainians from abroad.