KSE: cost of damage to Ukraine from Russia’s war up to $150bn

KSE: cost of damage to Ukraine from Russia’s war up to $150bn
Russia's attack on Ukraine has done $150bn worth of physical damage, says KSE. / bne IntelliNews
By Kyiv School of Economics October 10, 2023

As of September 2023, marking the 16th month of the full-scale war, the documented damages to Ukraine's infrastructure caused by Russia's invasion have reached $150.5bn (at replacement cost), Kyiv School of Economics (KSE) reported on October 8.

The growth amounted to $0.7bn, which is modest considering that the previous update was three months ago. The largest part of the increase is attributed to the education assessment’s updates (plus $0.4bn).

Residential buildings account for the largest share of damages, totalling 37% or $55.9bn, followed by infrastructure at 24.3% or $36.8bn.

The damages to business assets currently amount to a minimum of $11.4bn and are still increasing. Additionally, the education sector has incurred direct damages of $10.1bn, the energy sector has incurred direct damages of $8.8bn and the agricultural sector has incurred direct damages of $8.7bn due to the war.

The cumulative damages to public sector facilities, including social objects, educational and scientific institutions, healthcare facilities, cultural structures, sports facilities and administrative buildings, are approximately $16.1bn.

Comprehensive and up-to-date reports, along with interim releases, of the damage assessments are always available on the KSE website.

1023 Ukraine war cost of damage KSE

The Kyiv School of Economics (KSE) is a bne IntelliNews media partner and a leading source of economic analysis and information on Ukraine. This content originally appeared on the KSE website.