The postwar reconstruction of Ukraine will cost about 500-600 billion euros ($525 billion-$630 billion), World Bank Vice President Anna Bjerde said in an interview with the Austrian newspaper Die Presse. "Previously, we published the figure, which was calculated jointly with the European Commission and the Ukrainian government. How much money is needed to rebuild Ukraine and bring it up to European standards, for example in terms of energy efficiency? At of the beginning of June, it was about 350 billion euros," Bjerde said. But since then, she said the figure had risen significantly to the new estimate. To read the original report by Die Press, click here.
Rebuilding Ukraine After Russian Invasion Will Cost $500-600 Billion, Says World Bank VP
A woman stands among the debris of a destroyed building after a Russian air strike in Chasiv Yar, Ukraine, in late November.