Ukraine’s direct economic losses caused by war reach about $113B, – KSE

The direct losses to the Ukrainian economy caused by the Russian invasion of Ukraine have already reached about $113.5 billion, according to the KSE Institute at the Kyiv School of Economics (KSE).

Maksym Nefyodov, head of reform support projects at the KSE Institute, said this during a nationwide television marathon, Ukrinform reports.

"The latest figure for direct losses of the Ukrainian economy from Russian aggression is about $113.5 billion. There is another direction of our research — needs for recovery. And the 'Russia Will Pay' project is actively developing in this direction," Nefyodov said.

According to him, currently, images of the destruction and damage to the infrastructure of Ukraine, collected with the help of UAVs and satellites, are being actively analyzed, in order not only to record the damage caused but also to offer comprehensive solutions to the restoration of damaged cities.