Total economic losses since the beginning of the war are estimated at $564-600 billion or above

As of May 25, the total amount of direct damage to Ukraine's economy from damage and destruction of residential and non-residential buildings and infrastructure reached $105.5 billion, or over UAH 3.1 trillion. Over the past week, the direct losses of Ukraine’s economy due to the destruction and damage to civilian and military infrastructure increased by over $8 billion.

This can be seen from the analysis carried out within the "Russia will pay" project by the KSE Institute team.

According to new estimates, the amount of damage due to the destruction of the real estate increased by another $5.5 bln. As of May 25, the total amount of damage to the housing stock amounted to $39.3 bln.

Cities such as Mariupol, Kharkiv, Chernihiv, Severodonetsk and Lysychansk were affected the most from the destruction of the housing stock. In total, more than 44 million square meters of Ukrainian housing were damaged, destroyed, or seized due to the war. The figure is related to the further destruction and addition of new cities to the list of settlements for which the calculation of damage is carried out.

The total amount of direct documented damage to Ukrainian enterprises has already reached $11.3 bln. Over the past week, this figure has increased by $591 mln. Since the beginning of Russia's war against Ukraine, at least 227 enterprises, plants, and factories have been damaged or destroyed, or seized.

For the first time, damage to Ukrainian retail has been added to the current calculations. As a result of the war, at least 2,910 outlets were damaged and the total damage is $1.4 bln. These calculations were made by the KSE Institute, based on a study conducted by the Ukrainian Council of Shopping Centers and the Association of Retailers of Ukraine.

According to the latest estimates within the "Russia will pay" project, the losses from damage, destruction or loss of cars is almost $1.6 bln. In total, such cars are almost 105 thousand. Donetsk, Kharkiv, Luhansk, Chernihiv, and Kyiv are among the regions with the largest number of damaged cars.

This week, the damage caused to educational institutions increased by $103 mln and now amounts to $1.5. bln. The number of losses caused by health care facilities increased by another $45 mln. In the breakdown by type of healthcare facilities, hospitals, polyclinics, and disease control and prevention centers were destroyed or damaged the most as a result of the war, followed by the number of outpatient clinics. A total of 643 medical facilities have been destroyed or damaged. Direct damage to healthcare facilities amounts to more than $1.1 bln.

Since the beginning of Russia’s war against Ukraine, at least 23.8 thousand kilometers of roads, 6.3 thousands of railways and 41 railway bridges, 643 health care facilities, 1,123 educational institutions, 621 kindergartens, 192 cultural and 115 religious buildings, 178 warehouses, 99 administrative buildings, 28 oil depots, 19 shopping centers have been damaged, destroyed or seized.

As estimated by the Ministry of Economy and KSE, the overall Ukraine’s economic losses due to the war, taking into account both direct losses calculated in this project and indirect losses (GDP decline, investment cessation, outflow of labor, additional defense and social support costs, etc), range from $564 billion to $600 billion.

Direct losses to civilian infrastructure documented based on the publicly available evidence (this is a lower bound estimate and the true losses are likely to be times higher) as of May 25, 2022

The project focuses on assessing the damage caused to Ukraine's physical infrastructure during the war (destruction of residential buildings, utilities, roads, railways, educational and medical facilities, etc.); and estimating the financial value of these damages. The project does not assess total economic losses, including not only direct infrastructure losses but also numerous "incidental" costs to the economy due to the war (closure of many businesses; loss of hundreds of thousands of homes and jobs; termination of any investments; reduction of consumer demand, etc.).