Bank Of Baku

Ukraine's indirect losses from conflict reach $1T - PM

Ukraine
# 29 March 2022 16:24 (UTC +04:00)

Ukrainian Prime Minister Denys Shmyhal said on Tuesday that Ukraine's total losses from the start of the conflict with Russia have reached $1 trillion, APA reports citing Teletrader.

He added Ukraine will have a more accurate estimate after property losses are documented in an official register.

"The losses, calculated indirectly, taking into account the losses in the coming years - amount to more than a trillion dollars," Shmyhal told Interfax Ukraine. The damage to public buildings, housing, civilian and military infrastructure amounts to over $270 billion, according to rough estimates. In addition, Ukraine's gross national product (GDP) is expected to plummet by 35% or more in 2022, the prime minister said.

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