The Cost of Ukrainian Houses Destroyed by Russia Exceeds $50 Bln

by Meifan Honcharuk
Tuesday, October 10, 2023
The Cost of Ukrainian Houses Destroyed by Russia Exceeds $50 Bln

A representative of the Ministry of infrastructure of Ukraine took part in the 84th session of the Committee on Urban Planning, Housing and Land Management of the United Nations Economic Commission for Europe. In her speech to the Geneva audience, Natalia Kozlovska cited World Bank statistics on the destruction of the housing stock that the Russian war caused to Ukraine — more than $50 billion. The most destruction was caused to multi-story buildings. Restoring Ukrainian houses using the build back better principle will cost Ukraine about $68 billion.

Today, Ukraine prepares the basis for the current and post-war reconstruction of Ukraine. 1st of all was adopted the law On compensation for damage and destruction of certain categories of real estate which will manage the restoration of living conditions for Ukrainians who remained in Ukraine and will help bring home those who fled the war abroad.

Further, the government launched the eRecovery project, compensating Ukrainians for basic visual repairs in war-damaged houses: restoring walls, replacing windows and doors, etc. For houses for which repairs can help, operates the 2nd stage of the program — compensation for completely destroyed housing and assistance in purchasing/building a new one.

The government of the country is actively attracting international investors to participate in the business of processing construction waste. Pieces of metal and concrete that were once someone's home can now literally become someone's business.

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