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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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Ukraine War Latest: More than 90,000 Ukrainians officially missing due to Russia's war, commissioner says

Key developments on Feb. 26: * More than 90,000 Ukrainians officially missing due to Russia's war, commissioner says * Ukraine might have a new Flamingo missile deep strike strategy, experts say * Russia, Ukraine agree on body exchange, 1,000 fallen Ukrainians brought home * Russian FPV drone on fiber optic cable reaches Kharkiv for 1st time since start of full-scale invasion, prosecutor's office says More than 90,000 Ukrainians are officially registered as missing due to Russia's full-sca

Film awards race shows what stories about war West prefers to hear

Two films about Russia and Ukraine are generating buzz in this year's film awards season: Mstyslav Chernov's "2,000 Meters to Andriivka" and "Mr. Nobody Against Putin," directed by American documentarian David Borenstein and Pavel Talankin, the film's protagonist and a former videographer at a secondary school in Russia. Two of the most prestigious Western honors have gone to "Mr. Nobody." One, it beat out "2,000 Meters" for the Best Documentary BAFTA Award during Sunday's ceremony. Second, at

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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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