Ukraine reconstruction costs cross half-trillion-dollar mark: Study

Housing, transport, energy, commerce and education have been the sectors most affected by the destruction [File: Kyiv City Military Administration/Anadolu via Getty Images]

The estimated cost of reconstructing Ukraine three years after Russia’s full-scale invasion has risen to more than half a trillion US dollars, according to a new report.

The cost of rebuilding the country and reviving its economy stands at $524bn currently, predicted a study by the World Bank, United Nations, European Commission (EC) and Ukrainian government that was released on Tuesday. The total is nearly three times Ukraine’s expected 2024 economic output.