Posted on 03/22/2023 3:22:05 PM PDT by Oldeconomybuyer
WASHINGTON (AP) — A World Bank report released Wednesday puts the cost of Ukraine’s recovery and rebuilding from Russia’s invasion at $411 billion over the next decade, with the cost of cleaning up the war rubble alone at $5 billion.
The report details some of the toll of Russia’s war in Ukraine: at least 9,655 civilians confirmed dead, including 461 children; nearly 2 million homes damaged; more than one out of five public health institutions damaged; and 650 ambulances damaged or looted.
In all, the World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broader economic damage.
The damage would be even worse if not for the strong defense mounted by the Ukrainian forces, Anna Bjerde, the World Bank vice president for Europe and Central Asia, noted in a call with reporters. She said the worst damage has been confined to the front-line regions of Donetsk, Kharkiv, Luhansk and Kherson.
As it is, the World Bank said, Russia’s invasion has undone 15 years of economic progress in Ukraine, cutting Ukraine’s gross domestic product by 29% and pushing 1.7 million Ukrainians into poverty.
The assessment was carried out by the government of Ukraine, the World Bank Group, the European Commission and the United Nations. The findings are meant to guide planning for financing and carrying out what is an ongoing recovery effort in Ukraine.
The report said it was essential to keep Ukraine’s government and private business and recovery efforts going even as bombs fall and fighting persists. Postponing rebuilding and support “risks settling into a situation of low or no growth and facing huge social challenges once the war ends,” it said.
(Excerpt) Read more at apnews.com ...
This number can only go higher, because that war is still ongoing with no end in sight.
But whatever the final figure might be, then we have to wonder who is supposed to pay for this rebuilding; how does the rebuilding get done and paid for?
Not America’s problem.
I don’t see how we can pay for it and certainly not anyone else can/will.
BTW, how much do we spend on veterans? Probably not anywhere close to that much.
Did they include 10% for the big guy?
Not America’s problem.
Agreed. Russia broke it. Russia can pay to fix it.
Sorry, I gave at the office.
Send the bill to Putin along with the arrest warrant. I like playing pretend 🤡👍
I’m sure Russia can afford it.
Uh...let’s rebuild our country first...then maybe we will talk.
HOW MUCH TO REBUILD CONFIDENCE IN BANKS-—WORLDWIDE?????
Does that include the big guy’s 10% ?
Sure...no problem. We’ll just fire up the old digital printing press and viola! Instant money.
Let me correct that headline...
World Bank puts cost of THE US TAXPAYER rebuilding Ukraine at $411 billion
Without military aid Ukraine is obviously the weaker side, so giving military aid does two things: 1) It puts Ukraine in a better position militarily and at negotiating table and 2) If there is no peace deal then it just makes the more longer and more costly by keeping the sides more even.
The policy of giving aid to Ukraine but not pushing for a negotiated peace seems pure evil to me.
Russia will need to cede a lot of territory to Ukraine as reparations.
Russia started the war and they can end the war by leaving all of Ukraine including Crimea.
China.
China Praises Ukraine Resistance, Pledges Economic Support.
At a meeting with regional authorities in Lviv on Monday, Fan Xianrong pledged to help Ukraine rebuild after the war.
Only $5 billion for rubble removal? What if it’s radioactive? Could put a couple kids through college with that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.