PRESS RELEASE - EUROPEAN COMMISSION
PRESS RELEASE - EUROPEAN COMMISSION
Stay updated with breaking news from Anna Bjerde. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The slow economic recovery from COVID-19 and a delay in carrying out key reforms, including of subsidies, is likely to further strain
The economy has contracted sharply while the cost of war grows, putting pressure on the government to decide whether to meet current needs or focus on recovery, the report said.
As the war in Ukraine goes on, the cost of rebuilding the country and its economy mounts up dramatically. A detailed new report puts a figure on the damage: more than one-third of a trillion US dollars.
Ukraine will cost an estimated $349 billion to rebuild after the devastation caused by the Russian invasion, according to a report published on Friday.