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Total losses of Ukraine's economy over war reach $600 billion — KSE

How much has the economy of Ukraine lost in 10 weeks of the war. Photo: t.me/V_Zelenskiy_official/Stas Yurchenko

How much has the economy of Ukraine lost in 10 weeks of the war. Photo: t.me/V_Zelenskiy_official/Stas Yurchenko

During the last week, direct losses to the Ukrainian economy over the destruction and damage to civilian and military infrastructure increased by almost $4.5 billion. As of May 2, the total amount of damage to infrastructure reached almost $92 billion, or 2.7 trillion UAH. This is evidenced by a study by the Kyiv School of Economics as part of the Russia Will Pay project.

Overall, the Ministry of Economy and KSE estimated that the total losses of the Ukrainian economy as a result of the war, taking into account direct and indirect losses (GDP decline, investment cessation, outflow of labor, additional defense and social support costs, etc), range from $564 billion to $600 billion.

Since the beginning of Russia's war against Ukraine, at least 195 factories and enterprises have been damaged, destroyed or seized. Direct losses of enterprises (assets, warehouses), according to KSE estimates, already amount to about $10 billion.

In addition, 231 healthcare institutions, 543 kindergartens, 295 bridges, and 151 warehouses were lost. During the war, at least 97 religious and 144 cultural sites were damaged or destroyed. As a result of hostilities, at least 23,800 kilometers of roads and 33.7 million square meters of housing stock were damaged, destroyed or seized. Also, at least 89,500 cars worth about $1.3 billion were destroyed or seized.

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