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Report: Rebuilding Ukraine to cost estimated $349 billion

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According to a joint assessment by the World Bank, the European Commission, and the Ukrainian government, repairing the damage caused by Russia’s invasion will cost an estimated $349 billion. The figure is expected to increase as the war continues.

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The Kyiv Independent news desk

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In a closed-door briefing with journalists, Rustem Umerov, Secretary of the National Security and Defense Council, and Oleksandr Kamyshin, an advisor on Strategic Industries to the President's Office, said that the current production capacity (for this year) of the Ukrainain defense industry is around $35 billion per year.

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