Business news from Ukraine

PRIME MINISTER OF UKRAINE: DAY OF WAR COSTS UAH 2 BLN IN TERMS OF EXPENDITURES AND $4 BLN IN TERMS OF LOSSES

8 April , 2022  

Prime Minister Denys Shmyhal says that from the point of view of state budget expenditures, a day of war costs UAH 2 billion, and from the point of view of losses – $4 billion.
“There are two numbers. How much a day of war costs in terms of state budget expenditures, how much we pay, and how much we need. This is in the region of UAH 2 billion, which is what it costs us to conduct hostilities, pay wages, and so on. And there are other expenses – $4 billion in losses, which costs us every day of the war in terms of the destruction of our infrastructure, the loss of economic potential, the loss of future GDP,” Shmyhal said in an interview on the air of the national telethon on Friday morning.
The prime minister said that Ukraine’s losses are, among other things, a reduction in the sowing campaign by 20% and the inability to fully realize its export potential.

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