JAKARTA - Estimated costs for rebuilding Ukraine's economy after the Russian invasion have now increased to $524 billion.
This figure is the finding of the World Bank, the United Nations, the European Commission, and the Ukrainian government.
The new studies conducted by these agencies included data from the Russian invasion three years ago until December 31, including an increase in 70% of Ukraine's energy infrastructure damage due to Russian attacks.
This figure shows an increase of more than 7% from the last estimate of $486 billion last year, with the housing, transportation, energy, trade and education sector being the sector most affected.
The study measures direct physical damage to buildings and other infrastructure, its impact on people's lives and livelihoods, as well as costs to better rebuild, the institutions said in a joint press release.
US President Donald Trump seeks to end the war through separate negotiations with Russia and Ukraine. Trump told reporters after a meeting with French President Emmanuel Macron said an agreement could be reached within weeks.
"Last year, Ukraine's recovery needs continued to increase due to the continuing attacks by Russia," Ukrainian Prime Minister Denys Shmyhal said.
The Ukrainian government has allocated $7.37 billion to meet priority needs by 2025, with the support of donors, but still has a funding gap of nearly $10 billion.
The latest assessment, which uses a universal methodology to assess damage and necessity, found that direct damage to Ukraine as a result of the Russian attack had risen to $176 billion from the $152 billion reported in February 2024.
About 13% of Ukraine's total housing supplies have been damaged or destroyed, impacting more than 2.5 million households.
The report states an increase of 70% in assets damaged or destroyed in the energy sector since the last assessment one year ago, including power generation, transmission, distribution infrastructure, and district heaters.
The housing sector accounted for about $84 billion of total long-term necessities, followed by transport with nearly $78 billion, energy and mining with nearly $68 billion, trade and industry with more than $64 billion, and agriculture with more than $55 billion.
The cost of cleaning and managing debris alone is estimated at nearly $13 billion.
Antonella Bassani, vice president of the World Bank for Europe and Central Asia, said the assessment showed progress that Ukraine had made in terms of physical and economic recovery, reform and reconstruction needs.
The agreement does not cover more than $13 billion in demand in eight sectors Ukraine has met with the support of its partners and the private sector. The funds cover about $1.2 billion disbursed from the state budget and donor funds for housing needs and emergency road repairs for more than 2,000 km (1,243 miles).
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