On Thursday 15 February, the World Bank, the Ukrainian government, the European Union and the United Nations published an update to their Rapid Damage and Needs Assessment (‘RDNA3’) report on the consequences of the war in Ukraine.
In this new version, the total cost of rebuilding the country has been revised upwards: at 31 December 2023, it stood at $486 billion (€452.8 billion) for the next decade, compared to $411 billion (€383 billion) estimated a year ago.
For 2024 alone, the Ukrainian authorities estimate that the country will need around €14 billion for immediate reconstruction priorities, with particular emphasis on restoring housing, infrastructure and basic services, energy and transport.
According to the report, housing, transport, trade and industry, energy and agriculture are the sectors most affected by the war and its devastation.
The greatest needs, according to the RDNA3, are for housing (17% of the total), followed by transport (15%), trade and industry (14%), agriculture (12%) and energy (10%). Taking all sectors together, the cost of clearing and managing the debris (and demolishing it where necessary) came to almost $11 billion (€10.2 billion).
By February 2024, the EU, its Member States and European financial institutions had released around €88 billion to support Ukraine. This amount includes humanitarian, economic and military aid, as well as funding for Ukrainian refugees in the EU.
See the report: https://aeur.eu/f/avp (Original version in French by Isalia Stieffatre)