Rebuilding Ukraine will cost at least $349 billion: Report – Times of India

MOSCOW: Russia’s invasion of Ukraine has caused over $97 billion in damage, and the cost of rebuilding the country has reached an estimated $349 billion, as per a assessment issued Friday by the World Bank, the European Commission and Ukraine’s government.
The report estimated that Ukraine had suffered $252 billion in “aggregate losses,” which it said included economic disruptions and other costs of the conflict. Ukraine’s economy contracted sharply, the report said, with its gross domestic product showing a year-over-year decline of 15. 1% at the end of the first quarter.

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