Rebuilding war-shattered Ukraine likely to cost hundreds of billions of euros
An armoured vehicle drives through Mariupol during fighting in the Ukraine-Russia conflict, April 12 2022. Picture: REUTERS/ALEXANDER ERMOCHENKO
Since the war is still ongoing, the EU executive’s arm isn’t willing to put a price tag on the task, but told EU ambassadors that the figure would reach hundreds of billions of euros over decades. As a first step, the commission would conduct a thorough assessment of the financial needs together with the World Bank. The Ukrainian government estimates that the destruction of Russian forces in its territory amounts to $1-trillion.
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