As the Russian invasion clocks four years on February 24, 2026, the total cost of Ukraine’s reconstruction and recovery is now estimated at $588 billion over the next decade.
The figure is contained in an updated joint Rapid Damage and Needs Assessment (RDNA5) released Monday by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations.
The update, covering February 2022 to December 2025, finds that housing, transport, and energy sectors are most affected, while damage, losses, and demands remain intense in frontline oblasts and major metropolitan areas.
Reconstruction and recovery needs are the highest in the transport sector (over $96 billion). Other sectors: Energy ($91 billion), Housing ($90 billion), Commerce and Industry (over $63 billion), and Agriculture (over $55 billion).
Notwithstanding some progress in surveying and demining that helped to contain losses, the cost of explosive hazard management and debris clearance is nearly $28 billion.
Since February 2022, at least $20 billion in needs have been met through urgent repairs and early recovery activities in housing, energy, education, transport, and other essential sectors.
The report noted that Ukraine’s private sector has demonstrated remarkable resilience in the face of extraordinary disruption and will play a critical role in recovery and reconstruction.
Unlocking the full potential of private investment, however, will depend on an improved business environment, expansion of access to finance, resolving labor constraints, and aligning production with EU green and digital standards.
Prime Minister of Ukraine Yulia Svyrydenko praised the people for their continued resilience amid unprecedented Russian attacks on energy infrastructure and homes across Ukraine this winter.
Svyrydenko said the $588 billion needed over the next ten years was nearly three times the country’s projected nominal GDP for 2025, vowing that Ukraine will “manage to recover fast and develop further.”
Anna Bjerde, World Bank Managing Director of Operations, assured Ukraine of the Group’s commitment to supporting its recovery and helping to advance the people with jobs and opportunities “in a resilient, modern, and competitive economy.”
EU Commissioner for Enlargement Marta Kos said the alliance would mobilize more funding through the Ukraine Investment Framework and encourage key reforms that will “attract investment and bring Ukraine closer to EU membership.”
Matthias Schmale, the UN Resident and Humanitarian Coordinator in Ukraine, noted that refugee return, veteran reintegration, and women’s participation will shape economic recovery as much as capital flows and rebuilding infrastructure.
Russia invaded Ukraine in February 2022, starting the largest and deadliest war in Europe since World War II. Total military casualties (killed, wounded, or missing) are projected to reach 2 million by spring 2026.
Nearly 6 million Ukrainians have fled the nation, mostly to Europe, while another 3.7 million remain internally displaced. Over 15,000 civilians have died, with 2025 highlighted as the deadliest year, according to the UN.