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Ukraine war has caused over US$700 bil in damage to nation's economy, says premier

04 Jan 2023 04:02pm
Residents walk through a destroyed street in the city of Lyman, eastern Ukraine on December 23, 2022. - Sameer Al-Doumy / AFP pic
Residents walk through a destroyed street in the city of Lyman, eastern Ukraine on December 23, 2022. - Sameer Al-Doumy / AFP pic
KYIV - Russia’s war on Ukraine has caused more than US$700 billion in damage to the nation’s economy, Ukrainian Prime Minister Denys Shmyhal said Tuesday.

Speaking at a Cabinet meeting in the capital Kyiv, Shmyhal said that one of the priorities of the government for this year is "the restoration of Ukraine.”

Together with the World Bank, Ukrainian authorities plan to carry out a verification of Ukraine's needs for "the fastest possible recovery,” reported Anadolu Agency quoting the premier.

Shmyhal said that at the beginning of June last year, the amount of damage was estimated at roughly US$350 billion.

"Given the recent attacks on our infrastructure, as of today, this number exceeds US$700 billion,” he noted. - Bernama

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