The reconstruction of Ukraine over the next decade is now estimated at 588 billion dollars according to a joint assessment made by the World Bank, UN, European Commission, and the Ukrainian government, according to Reuters. The announcement comes a day before the marking of four years since the large-scale invasion initiated by Russia.
The updated estimate, which covers the period February 2022 – December 2025, is 12% higher than last year. The institutions explain the increase by the accelerated deterioration of the energy infrastructure, where damages have increased by 21% in a single year.
However, the assessment does not include the destruction caused by the intense attacks in January and February 2026, which left tens of thousands of Ukrainians without heat, water, and electricity in the harshest winter of recent decades.
This is the fifth assessment of this kind since the beginning of the war. Direct damages are estimated at 195 billion dollars, almost 11% more than in the previous report, with the most affected sectors being housing, transport, and energy. The current level of destruction is more than twice as high as that recorded in the first assessment in 2022. The report emphasizes that the most severe damages are concentrated in the front-line areas and in the major cities, including Kiev.
Politically, President Volodimir Zelenski is facing pressure from US President Donald Trump to accept a ceasefire agreement that could involve territorial concessions. However, the negotiations held last week in Geneva did not bring any progress in this regard.
The war, which enters its fifth year on Tuesday, February 24, has generated the largest refugee crisis in Europe since World War II: over 6 million Ukrainians live outside the country, and 4.6 million are internally displaced.
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