World Bank puts cost of rebuilding Ukraine after Russia's attack at $411 billion

A World Bank report released Wednesday puts cost of Ukraine's recovery and rebuilding from Russia's invasion at $411 billion over next dece, with cost of cleaning up war rubble alone at $5 billion. report provides both sweeping and closely detailed looks at some of toll of Russia's war in Ukraine : at least 9,655 civilians confirmed de, including 465 children; nearly 2 million homes damaged; more than one out of five public health institutions damaged; and 650 ambulances damaged or looted.

In all, World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broer economic damage.

damage would be even worse if not for strong defense mounted by Ukrainian forces, Anna Bjerde, World Bank vice president for Europe and Central Asia, noted in a call with reporters. She said worst damage has been confined to front-line regions of Donetsk, Kharkiv, Luhansk and Kherson. As it is, World Bank said, Russia's invasion has undone 15 years of economic progress in Ukraine, cutting Ukraine's gross domestic product by 29% and pushing 1.7 million Ukrainians into poverty.

assessment was carried out by government of Ukraine, World Bank Group, European Commission and United Nations. findings are meant to guide planning for financing and carrying out what is an ongoing recovery effort in Ukraine. Ukraine's energy sector has seen greatest surge in damage recently, as a result of Russia's targeted strikes on electrical grid and or energy hubs during winter. Total damage to energy sector is now five times greater than it was last summer, World Bank said.