World Bank estimates $411 billion over the next decade, to rebuild Ukraine

A World Bank report has put the cost of recovery and rebuilding Ukraine from the Russian invasion at $411 billion over the next decade. The bank has estimated $5 billion just to clean up the rubble.

In a detailed report, World Bank has mentioned that at least 9,655 civilians confirmed dead, including 461 children; nearly 2 million homes damaged; more than one out of five public health institutions damaged; and 650 ambulances damaged or looted.

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In all, the World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broader economic damage. The World Bank has said that the Russian invasion has undone 15 years of economic progress in Ukraine.

Ukraine's GDP has gone down by 29%, pushing 1.7 million Ukrainians into poverty.

Ukraine's energy sector has seen the greatest surge in damage recently, as a result of Russia's targeted strikes on the electrical grid and other energy hubs during the winter. Total damage to the energy sector is now five times greater than it was last summer

The World Bank has also added that it is essential to keep Ukraine's government and private business and recovery efforts going even as bombs fall and fighting persists.