Ukrainian Prime Minister Denys Shmyhal has said that the Ukraine's indirect losses from the conflict with Russia are estimated at more than $1 trillion, the Interfax-Ukraine news agency reported.
"The losses, calculated indirectly, taking into account the losses in the coming years, amount to more than a trillion dollars," Shmyhal was quoted as saying by Xinhua news agency.
The cost of direct damage to Ukraine's public buildings, bridges, roads, civilian and military infrastructure caused by the attacks is estimated at about 270 billion dollars, he said.
He projected that Ukraine's gross domestic product (GDP) will shrink by 35 per cent this year due to the conflict.
Ukraine's GDP was up 3.4 per cent in 2021 after a 3.8-per cent decline in 2020.
--IANS
int/shs
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU