War-Induced Damages and Reconstruction in Ukraine

7 Pages Posted: 14 Jun 2024

See all articles by Oleg Nivievskyi

Oleg Nivievskyi

Kyiv School of Economics; Free University Berlin; University of Queensland - School of Economics

Dmytro Gortyunov

Kyiv School of Economics

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management

Date Written: May 17, 2024

Abstract

Russia invaded Ukraine at a small scale in 2014 and then at full-scale in February 2022. The end of this war is uncertain, and the price of the continued war is already immense. About 20% of Ukraine’s territory has been occupied with the total infrastructural damages amounting to almost its GDP. Combined economic losses and infrastructural damages make up more than 2.5 times Ukraine’s 2023 GDP. Despite the ongoing war, Ukraine is already rebuilding and has been able to reconstruct about 4.5% of its damaged infrastructure. The reconstruction and recovery efforts require joint efforts and coordination from Ukraine and its partners and donors. A huge challenge will be to strike a balance between the urgent reconstruction needs and a more sustainable development path in accordance with the EU acquis and sustainability goals.

Keywords: Ukraine, economy, Russia, Invasion, damages, losses, war

JEL Classification: F51, H54, H56

Suggested Citation

Nivievskyi, Oleg and Goryunov, Dmytro and Nagurney, Anna, War-Induced Damages and Reconstruction in Ukraine (May 17, 2024). Available at SSRN: https://ssrn.com/abstract=4831914

Oleg Nivievskyi (Contact Author)

Kyiv School of Economics ( email )

vul. Mykoly Shpaka 3
Kyiv, 04119
Ukraine

Free University Berlin ( email )

Germany

University of Queensland - School of Economics ( email )

Dmytro Goryunov

Kyiv School of Economics ( email )

vul. Yakira, 13, 3d floor, suite 334
Kyiv, 04119
Ukraine

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management ( email )

Amherst, MA 01003-4910
United States

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