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Russia invasion incurred nearly $565 billion in ruin on Ukraine

by John Pierce
July 3, 2023
in Business
1 min read
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The Russian invasion that was underway for just over one month, his already Approximately 565 billion dollars of Economic damage on Ukraine so far, her government estimated on Monday.

Economy Minister Yulia Svyrydenko said on Facebook indicated that the estimate of $564.9 billion (515.8 billion euros) includes immediate damage as well as expected losses in trade and economic activity.

“He. She should Note that the numbers change every day and unfortunately they are increasing”, Svyrydenko said, who He is also vice prime minister.

Damage to public And the private property – with The Russian forces resorted to heavy bombardment, which led to the destruction of some cities invasionwhich began on February 24, stopped – it was the biggest component.

Svyrydenko . said public Infrastructure losses, including damaged roads, railways and airports, totaled $119 billion, while damages sustained private property Including housing was up to $90.5 billion.

Damage and losses incurred private The companies were put into 80 billion dollars.

Svyrydenko’s estimate of gross domestic product (GDP) in 2022 will be down By $112 billion, which would be a drop of more from 55% of Economic activity of Ukraine from last year.

Ukraine government Likely to miss out on 48 billion dollars in tax revenue, or just About everything of What was he expected to take in this is year.

Meanwhile, $54 billion in It is likely that foreign direct investment will not materialize.

Svyrydenko told Ukraine government Will seek to confiscate the Russian assets took over in Country compensation.

Ukraine, despite all obstacles, will strive to achieve this compensation “Aggressor Payments”.

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