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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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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.

Explainer: Russia disrupts Ukraine peace talks with timed false accusations

Every time negotiations between Russia, Ukraine, and the U.S. appear to gain momentum, Moscow introduces a new allegation — drone attacks, assassination attempts, nuclear plots, sabotage — that threatens to stall or derail the process. Ukrainian officials and Western analysts say the pattern is no coincidence. A high-level Ukrainian official familiar with the course of the negotiations told the Kyiv Independent that the "nonsense" Russia is spreading is intended to influence the talks and dive

Ukraine war latest: Claiming Ukraine threat, Orban deploys troops to 'protect energy infrastructure'

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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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