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Damage and recovery needs in Ukraine.
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Chart of the week: Ukraine's reconstruction needs rise 12% to $588 billion

by Luca Léry Moffat

The total cost of reconstruction and recovery in Ukraine is $588 billion, the World Bank said in a new report published Feb. 23, as Russia's full-scale invasion enters its fifth year. Housing, transport, and energy sectors are most affected, with the total needs amounting to almost three times Ukraine's entire gross domestic product — $210 billion in 2025, according to the International Monetary Fund. The sum needed for reconstruction in those sectors covers damage caused in the 46 months from

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Thursday, February 26

Russian workers turn occupied Zaporizhzhia nuclear power plant into 'resort'

When one thinks about the conditions at a nuclear power plant, the image that comes to mind would likely be very different from that which Russian workers at an occupied plant in Ukraine have created. Russian workers brought in to operate the Zaporizhzhia nuclear power plant after it was seized in March 2022 have converted work areas into makeshift living quarters, which a former acting chief engineer said appears to violate plant safety rules and create a fire risk. Rosatom, the Russian nuclea

Overlooked by the Western canon: Why Mykhailo Kotsiubynskyi matters now

Editor's Note: This story is part of the "Hidden Canon" – a special series celebrating Ukrainian classic literature and aiming to bring it to a wider international audience. The series is supported by the Ukrainian Institute. In an age where minds rarely know rest, the craving for true stillness feels almost radical. Long before smartphones and social feeds, Ukrainian writer Mykhailo Kotsiubynskyi sensed this human need with startling clarity. More than a century ago, he created a literary ma

Mykhailo Kotsiubynskyi was a Ukrainian author whose writings depicted everyday life in Ukraine.

As Ukraine war deaths mount, Kharkiv morgue strains to identify the truth

KHARKIV, KHARKIV OBLAST — A blonde-haired woman walks through a slim pathway between corpses lying against walls and autopsy tables inside Ukraine's oldest morgue. The main autopsy room, connected with two additional rooms and equipped with an elevator to lift the corpses from the basement, is busy with forensic experts like her going through three bodies on the table. One belongs to a Ukrainian soldier, while the other two are civilians — an elderly lady and a middle-aged man. "It's most lik

Forensic medical expert Inga Gerbst in Kharkiv, Ukraine on Jan. 22, 2026.
Thursday, February 26

While global attention is divided, the largest displacement crisis in Europe is deepening

I came to Ukraine in September of last year, well into the fourth year of the war that had already reshaped the country's geography, economy, and daily life. Having worked for decades in conflict settings, from Afghanistan to Sudan, I am still amazed by the way people in the direst situations can cope and hope for a better future. What one cannot underestimate is how challenging this winter has been in Ukraine. Those living even a thousand kilometers from the front line feel the severe effects

Evacuees arrive by bus at an evacuation point in Kharkiv Oblast, Ukraine, on May 12, 2024.

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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