Friday, March 11, 2022

Ukraine says damage so far from war with Russia tops $100B

He said Russian assets frozen in foreign banks, including reserves of Russia’s central bank, should be given for the reconstruction of Ukraine.


Russian forces have so far destroyed $100 billion worth of buildings, infrastructure and other physical assets in Ukraine, President Volodymyr Zelenskyy’s economic adviser said Thursday.

Oleg Ustenko said in a statement that the war has also caused 50% of Ukrainian businesses to shut down completely.

Noting that the remaining businesses are continuing their activities with difficulty, Ustenko said the $100 billion in losses accounts for half of the country's gross domestic product (GDP).

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