The World Bank, United Nations, European Commission, and the Ukrainian government have reported that the estimated cost of rebuilding Ukraine’s economy following Russia’s invasion has risen to $524 billion—almost three times the country’s projected economic output for 2024.
A recent study by these institutions incorporated data from the past three years of conflict, up to December 31, highlighting a 70 percent surge in damages to Ukraine’s energy infrastructure due to continued Russian attacks.
The report indicates a more than 7 percent increase from the previous estimate of $486 billion made a year ago, with housing, transport, energy, commerce, and education among the most severely affected sectors.
In a joint statement, the organizations assessed the direct physical damage to infrastructure, the impact on people’s lives and livelihoods, and the financial requirements for rebuilding Ukraine on a stronger foundation.
Meanwhile, U.S. President Donald Trump is pushing for an end to the war through separate negotiations with Russia and Ukraine, suggesting during a meeting with French President Emmanuel Macron that a peace deal could be reached within weeks.
Ukrainian Prime Minister Denys Shmyhal stated that Ukraine’s recovery needs have continued to rise due to ongoing Russian attacks.
According to the joint statement, the Ukrainian government has allocated $7.37 billion for priority recovery projects in 2025 with assistance from international donors but still faces a funding shortfall of nearly $10 billion.