Ukraine will require an estimated $588 billion to rebuild the damage caused by Russia’s four-year invasion, according to a new report released Monday by the World Bank and partner institutions.
The assessment shows that the total reconstruction cost is nearly three times larger than Ukraine’s annual economic output, highlighting the massive scale of destruction caused by the war that began with Russia’s full-scale invasion in 2022.
Reconstruction Costs Continue to Rise
The latest estimate is 12% higher than last year’s calculation, reflecting ongoing destruction, particularly after recent Russian strikes targeting Ukraine’s energy infrastructure during the winter. These attacks left millions of people without heating and electricity, worsening the country’s humanitarian and economic challenges.
Officials noted that the rising figure underscores how continued attacks are increasing the long-term recovery burden for the country.
War’s Devastating Impact on Ukraine
After four years of conflict, the war launched by Russia against Ukraine has severely damaged the nation’s economy, reduced entire cities to ruins, and forced millions of people to flee their homes.
Large sections of infrastructure — including energy systems, housing, transportation networks, and public services — will require extensive rebuilding efforts that could take years or even decades.
The report highlights the urgent need for long-term international support, investment, and coordinated reconstruction planning to help Ukraine recover and rebuild after the war.
