Russia’s invasion of Ukraine has caused more than 6,500 civilian deaths so far and forced over 6.5 million people to leave their homes and cross over into neighboring countries, according to the United Nations estimates. However, the country has also suffered devastating infrastructure damage counted in tens of billions of dollars.
According to data presented by Augusta Free Press, Russia’s war in Ukraine has caused $115bn worth of infrastructure damage so far.
Destroyed Housing Facilities Make up 40% of Total Damage
Russian missile strikes have targeted and destroyed thousands of Ukrainian homes and tons of infrastructure, including railways, apartment buildings, and hospitals. Although the United States and Ukraine’s European allies have offered billions of dollars in aid to the country since the war began, the war’s aftermath is devastating.
According to a survey conducted by the Kyiv School of Economics and the Ministry of Economy of Ukraine, the damage to housing facilities from the Russian invasion of Ukraine based on publicly available evidence was estimated at $47.8bn as of September, or 40% of total damage. Further $35.1bn were recorded in direct losses from damages to transportation infrastructure.
Statistics show industry and business services have suffered $9.7bn worth of damage since the war began. Education infrastructure and the agricultural sector followed, with $4.4bn and $4.3bn in total damage, respectively.
According to the survey, the Russian invasion of Ukraine has caused $115bn worth of damage to the physical infrastructure, or 57% of the country’s GDP in 2021.
Ukraine’s GDP to Drop by 35% This Year
The Russian war had a disastrous impact on the Ukrainian economy. Wholesale and retail trade makes up the largest share of the GDP of Ukraine, nearly 14% in 2021. The manufacturing sector ranked second with a 10% share, with food processing as one of the leading subsectors. Agriculture was another major segment vital for export trade. Last year, the value added of agriculture, forestry, and fishing reached nearly 11% of Ukraine’s GDP.
However, the war has threatened Ukraine’s international trade, with military actions disrupting the transportation routes for exports and imports.
According to the World Bank forecast, Ukraine’s gross domestic product is expected to fall by 35% in 2022. In comparison, the economy of Russia is forecast to see a 4.5% drop this year, the third largest loss among Central and Eastern European and Central Asian countries.
Share
