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World Bank estimates infrastructure damage to Ukraine at $60 billion.

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The estimate only accounts for the damage so far, and will rise further as the war continues, said World Bank President David Malpass. While addressing a World Bank conference on Ukraine's financial assistance needs, President Volodymyr Zelensky estimated that Ukraine will need $7 billion per month to make up for economic losses.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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