War-Induced Damages and Reconstruction in Ukraine

Russia invaded Ukraine at a small scale in 2014 and then at full-scale in February 2022. The end of this war is uncertain, and the price of the continued war is already immense. About 20% of Ukraine’s territory has been occupied with the total infrastructural damages amounting to almost its GDP. Combined economic losses and infrastructural damages make up more than 2.5 times Ukraine’s 2023 GDP. Despite the ongoing war, Ukraine is already rebuilding and has been able to reconstruct about 4.5% of its damaged infrastructure. The reconstruction and recovery efforts require joint efforts and coordination from Ukraine and its partners and donors. A huge challenge will be to strike a balance between the urgent reconstruction needs and a more sustainable development path in accordance with the EU acquis and sustainability goals.