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The estimated cost of Ukraine’s post-war recovery and reconstruction has risen to $486 billion over a 10-year period, according to the World Bank’s Third Rapid Damage and Needs Assessment published on Feb. 15. This figure, based on data gathered between Feb. 24, 2022, and Dec. 31, 2023, is 2.8 times higher than Ukraine’s nominal gross domestic product (GDP) for last year, read the report co-authored by the World Bank, the Ukrainian government, and the European Commission. The economic and human cost of Russia’s aggression continues to rise as the all-out war nears its two-year mark. The World …

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