Ukraine needs $411billion for reconstruction

The World Bank said that Ukraine is in need of $411billion to reconstruct and recover from the destruction caused by Russia’s invasion.

The assessment was made jointly by Ukraine’s government, the World Bank, the European Commission and the United Nation as it revealed that Kyiv will require “$14 billion for critical and priority reconstruction and recovery investments in 2023.”

“Energy infrastructure, housing, critical infrastructure, economy and humanitarian demining are our five priorities for this year,” said Ukraine Prime Minister Denys Shmygal in a statement.

He added that part of the reconstruction work has already been done.

But Shmygal warned that “the amount of damage and recovery needs currently does not include data on the loss of infrastructure, housing and businesses in the occupied territories.”

“When the defense forces release them, authorities will start restoration work in these territories,” he said.