Ukraine's war losses estimated at US$800bn

President Volodymyr Zelenskyy has revealed that Ukraine estimates its total losses from the war with Russia at US$800 billion and hopes to raise these funds through various funds for post-war reconstruction.

Source: Ukrinform, citing Zelenskyy

Quote: "US$800 billion is our total estimate of losses from this Russian war. This is what we are discussing with our partners."

Details: The president noted that the draft basic document between Ukraine, the US, Russia and Europe on ending the war envisages the creation of several funds to address the recovery of Ukraine's economy, the reconstruction of damaged areas and regions, and humanitarian issues.

Quote: "The aim will be to mobilise US$800 billion through equity capital, grants, debt obligations and contributions from the private sector to help Ukraine fully realise its potential."

Background:

• Zelenskyy has for the first time publicly presented the draft of a 20-point document on ending the war, which he described as a framework or "basic document" between Ukraine, the US, Europe and Russia.
• The ninth point of the draft plan to end the war in Ukraine provides for the creation of several funds to resolve issues related to the recovery of Ukraine's economy, with the aim of mobilising US$800 billion through equity capital, grants, debt obligations and contributions from the private sector to help Ukraine fully realise its potential.

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