ATorched cars, house fronts without roofs or windows, torn facades, burst granaries, black smoke rising into the sky in the distance. Every evening, German television viewers can get an idea of Russia's war in Ukraine, which is now entering its third year. The World Bank, which is as usual sober with numbers, recently mapped the economic damage for the third time. Each time, the damage is a few tens of billions of dollars higher.
It currently estimates the direct damage to houses and infrastructure at $152 billion, but the economic losses since the start of the war at $499 billion. A comparison makes the numbers less abstract: the damage determined is greater than the current annual economic output in Ukraine, the gross domestic product (GDP). The losses, on the other hand, are about as high as the German federal government's budget for 2024. The costs for reconstruction are – as of today – estimated to be of a similar magnitude: 486 billion dollars.
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