The World Bank presented an assessment of the consequences of the Russian invasion.

Assessment of the consequences of the Russian invasion
Assessment of the consequences of the Russian invasion

World Bank analysts assessed the damages and needs of Ukraine caused by Russia's large-scale invasion at 524 billion dollars.

This was stated by the Minister of Agrarian Policy and Food of Ukraine, Vitaliy Koval, who participated in the presentation of the World Bank's report.

Among the most priority areas for recovery are housing, energy, and critical infrastructure. Special attention should be paid to the agricultural sector. According to the World Bank's calculations, direct losses in the agro sector amounted to 11.2 billion dollars, and an additional 700 million dollars was spent on irrigation and water resources.

According to Vitaliy Koval, total losses in the agro sector due to Russia's full-scale invasion amount to about 80 billion dollars. This figure takes into account not only direct losses but also indirect ones: logistics disruptions, reclamation, demining, and loss of land, as well as increased prices for fertilizers and fuel, etc.

'I am convinced that the recovery of the agricultural sector should happen today. The Ministry of Agrarian Policy, together with international partners, is working on various support programs for farmers. A special priority is providing assistance to farmers in frontline areas,' emphasized the minister.


Read also

Advertising