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 ...
Super like.
It’s almost as if we’ve kinda done this before, except not with people who have nukes.
I’m revising my prediction. Originally I said that biden would send them 100 billion for rebuilding. I’m changing it to 400 billion, sent in 10 installments with no announcements so the public would never know.
Ivan is more than happy to rule over ruin. Ukraine wont be “rebuilt”, only plundered.
That’s OK, Pedo Joe will finance it.......
Sure. Just gonna hold my breath and insist that this happens.
It’s an eventuality. Putin will not live forever and his successor will either withdraw or commit to total war.
But there is no plausible scenario for a return to status quo ante bellum with Russia remaining in Crimea. Too much blood has been shed.
Sad is that Putin might have been able to buy Crimea and even Donbas prior to this war. It would have been far cheaper in terms of blood had he at least made a good faith effort to buy what he is trying to steal.
Joe will pay for it.
This number will only grow because the folks making money off the war will continue to re-evaluate how much they want to end up in their pockets.
You get it. This whole thing is a Russian/Chinese alliance to financially drain the US, getting us closer to our upcoming collapse.
You're assuming Ukraine wasn't already broken.
“World Bank puts cost of rebuilding Ukraine at $411 billion”
Going to be a lot more once we start dumping our Uranium on their soil, as the British announced this week.
Cheaper than Iraq.
It is as if the people in charge are purposely destroying things so they can tax and steal money from the rest of us to rebuild.
Things that make you go....hmmmm.
—> Russia broke it. Russia can pay to fix it.
Great point. Now that it’s Russian territory, let’s stick them with the hill!
I guess Jo Jo the Demented Clown Pedo-turd roller is going to want to pick up the tab for rebuilding that craphole too.
Plus a few hundred ten percentage club members.
Ukrainian chamber of commerce is trumpeting as “the world’s largest construction site!”
Zelensky wants to use the rebuilding to stitch Ukraine’s infrastructure seamlessly into the rest of Europe....though private investors are being courted, few are willing to risk committing money now, as the conflict is entrenched.
.....Latvian roofing companies and South Korean trade specialists..... Fuel cell manufacturers from Denmark..... and timber producers from Austria...... Private equity titans from New York..... and concrete plant operators from Germany. .....Thousands of businesses around the globe are positioning themselves for a possible multibillion-dollar gold rush: the reconstruction of Ukraine once the war is over......But do you want to invest their own money, or do they want to sell services or goods? These are two different things.”
Most are interested in selling something.....
https://www.nytimes.com/2023/02/16/business/economy/ukraine-rebuilding.html
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