Ukraine reconstruction costs rise to 588 billion dollars as war enters fifth year

Rebuilding Ukraine will cost 588 billion dollars over the next decade after a 12 percent rise in damages. Energy and housing sectors remain the hardest hit.

A joint assessment released today by the World Bank, the United Nations, the European Commission, and the Government of Ukraine UAUA estimates that the country will require $588 billion for reconstruction and recovery over the next decade. This headline figure represents a significant financial challenge, as the required sum is nearly three times Ukraine's projected nominal GDP for 2025. The assessment, which is the fifth such estimate produced since the start of the conflict, was announced on the eve of the fourth anniversary of the full-scale invasion by Russia RURU.
Firefighters work at the site of an apartment building hit by a Russian air strike in Kharkiv, Ukraine, on January 2, 2026, amid Russia's attack on the country. REUTERS/Vyacheslav Madiyevskyy/File Photo
Firefighters work at the site of an apartment building hit by a Russian air strike in Kharkiv, Ukraine, on January 2, 2026, amid Russia's attack on the country. REUTERS/Vyacheslav Madiyevskyy/File Photo
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