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Ukraine's economic losses from the Russian war reached $600 billion

Since the beginning of the Russia’s military aggression against Ukraine, more than 200 enterprises, 12 airports and more than 1,000 educational institutions, as well as other infrastructure facilities, were destroyed, Prime Minister Denys Shmyhal said at the World Economic Forum in Davos, Interfax-Ukraine reports.

According to him, Ukraine must go through several stages to build a new European future.

“The first [of four stages] is to restore more than 200 factories and large enterprises, 12 airports and more than 1,000 educational institutions, as well as almost 300 bridges and overpasses that were damaged, destroyed or captured as a result of hostilities due to the Russian war against Ukraine,” he said.

Shmyhal added that about 25,000 km of roads were damaged during the hostilities, and 40 million square meters of housing stock were destroyed. At the same time, the losses are not final, their size is growing with every day of the war that Russia unleashed, the prime minister stressed.

According to the Prime Minister, the losses of Ukraine’s economy from the Russian war reached $600 billion. Denys Shmyhal called on international partners to financially support Ukraine’s reconstruction through the United24 fund and, most importantly, to help seize frozen Russian assets.

On May 5, President of Ukraine Volodymyr Zelensky announced the launch of the global initiative United 24. The funds needed for the reconstruction of Ukraine after the war are estimated at $600 billion.

The fund will be replenished at the expense of partner countries, international financial organizations, international humanitarian organizations and charitable foundations, frozen, confiscated assets of the Russian Federation, contributions from large international corporations and individuals.