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Estimated cost of damage to Ukraine's infrastructure reaches $63 billion

The cost of direct damage to Ukraine's infrastructure in the month since Russia invaded the country has reached $63 billion
A member of the Ukrainian Emergency Service looks at the City Hall building in the central square following shelling in Kharkiv, Ukraine
A member of the Ukrainian Emergency Service looks at the City Hall building in the central square following shelling in Kharkiv, Ukraine, Tuesday, March 1, 2022 | Photograph © AP Photo/Pavel Dorogoy

" Beyond the human toll of 1,100 civilian deaths and a quarter of its population displaced, according to UN estimates, the hit to Ukraine's economy is also massive. 

In order to calculate the cost of the country's damaged infrastructure, KSE researchers analyzed several thousand notifications from civilians, the Ministry of Infrastructure and local authorities. They also used indirect methods such as calculating the estimated area of war-damaged property in the most affected cities. [...]

[...] Europe's construction industry has also been impacted by the conflict, and contractors will likely find it increasingly difficult to source building supplies from Russia and Ukraine, according to Archinect. Growing European sanctions against Russia have exacerbated supply chain snarls, restricting the availability of materials like copper, iron ore and steel across the continent.

Ukraine produces building materials like steel, timber, pallets and clay for ceramic tiles, and these will be difficult to obtain since so much of its industrial capacity has been destroyed. Half of Ukrainian businesses have shut down completely, while the remaining ones are operating well below capacity, the United Nations Development Programme reported. [...]

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