Business Standard

Ukraine puts indirect losses from conflict with Russia at over $1 trillion

The cost of direct damage to Ukraine's public buildings, bridges, roads, civilian and military infrastructure caused by the attacks is estimated at about 270 billion dollars

Neighbours try to extinguish the fire of a house, destroyed after a Russian attack in Kharkiv, Ukraine. (AP Photo/Felipe Dana)

Neighbours try to extinguish the fire of a house, destroyed after a Russian attack in Kharkiv, Ukraine. (AP Photo/Felipe Dana)

IANS Kiev
Ukrainian Prime Minister Denys Shmyhal has said that the Ukraine's indirect losses from the conflict with Russia are estimated at more than $1 trillion, the Interfax-Ukraine news agency reported.
"The losses, calculated indirectly, taking into account the losses in the coming years, amount to more than a trillion dollars," Shmyhal was quoted as saying by Xinhua news agency.
The cost of direct damage to Ukraine's public buildings, bridges, roads, civilian and military infrastructure caused by the attacks is estimated at about 270 billion dollars, he said.
He projected that Ukraine's gross domestic product (GDP) will shrink by 35 per cent this year due to the conflict.
Ukraine's GDP was up 3.4 per cent in 2021 after a 3.8-per cent decline in 2020.
--IANS
int/shs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 30 2022 | 7:09 AM IST

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