- May 4, 2022
- Posted by: Stratford Team
- Category: Economy
Russia’s invasion of Ukraine is inflicting damage to the country’s infrastructure at a cost of $4.5bn (£3.6bn) a week as bombs tear through thousands of buildings and public utilities, and miles of road.
According to estimates compiled by the Kyiv School of Economics (KSE), and supported by the Ukrainian government, the total amount of direct infrastructure damage has reached $92bn since Vladimir Putin ordered the invasion in February.
Academics said the figure rose by almost $4.5bn in the week to 2 May, adding that their estimate is probably lower than the true cost because losses from the war are hard to quantify.
With losses since the invasion having risen to about 60% of annual economic output, the researchers said Ukraine was suffering heavy damage to infrastructure that will be expensive to repair or rebuild. The KSE said its project, Russia Will Pay, was based on analysis of thousands of reports of damage caused during the invasion, which have…
