Russia’s war against Ukraine destroyed over 200 enterprises

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.

Share
Published by
ilona makedon
Tags: industry Denys Shmyhal war russian agression post-war recovery
  • Global Market

Steel demand in India to grow by 8-10% in FY2024/2025 – Tata Steel CEO

Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow…

Monday May 6, 2024
  • Global Market

Electrical steel becomes a key product in China’s steel industry

Global decarbonization is turning electrical steel into one of the key products of China's ferrous…

Friday May 3, 2024
  • Global Market

UAE and Oman agree on a $32 billion green megaproject

The United Arab Emirates (UAE) and Oman have signed an investment agreement worth AED 117…

Friday May 3, 2024
  • Global Market

Germany imported 155 thousand tons of steel from third countries in January-February

In January-February 2024, Germany increased its imports of rolled steel products from third countries by…

Thursday May 2, 2024
  • Global Market

Belgium reduced steel production by 5.7% y/y in March

Belgian steelmakers reduced steel production by 5.7% in March 2024 compared to March 2023, to…

Thursday May 2, 2024
  • Companies

Ferrexpo decreased total carbon emissions by 32% in 2023

In 2023 Ferrexpo, the London listed iron ore company with assets in Ukraine, emitted 384…

Thursday May 2, 2024