Ukraine, the European Commission and the World Bank in cooperation with partners estimate the current cost of reconstruction and rehabilitation in Ukraine at $349 billion. This figure is expected to rise in the coming months as the war continues, said in a joint statement of Ukraine, the EC and the WB.

The Rapid Damage and Needs Assessment (RDNA) is the first comprehensive assessment of the effects of the war in twenty different sectors. It also outlines funding needs for sustainable, inclusive and resilient recovery and reconstruction, and provides a roadmap for planning.

The report indicates that recovery and reconstruction needs in the social, productive, and infrastructure sectors are $349 billion, more than 1.5 times Ukraine's GDP in 2021. RDNA estimates that $105 billion will be needed over the next 36 months to address urgent needs such as rebuilding education and health care systems and infrastructure, preparing for the coming winter by restoring heating and power to homes, supporting agriculture, and repairing vital transportation routes.

The safe handling of debris and explosives, including landmines, is also costly.

The World Bank and the European Commission have confirmed their continued support for the Ukrainian government. Given the ongoing war, future assessments of damage, losses, and reconstruction/reconstruction needs in Ukraine will be required. The Swiss State Secretariat for Economic Affairs (SECO) has allocated financial support for this purpose.