Business news from Ukraine

Denmark to provide Ukraine with excavators to restore infrastructure

Denmark, through the EU civil protection mechanism, has offered Ukraine 35 excavators to restore damaged and critical infrastructure across the country, the European Commission has said.
“Destroyed by the war, Ukraine needs excavators to help rebuild damaged and critical infrastructure across the country. Denmark has offered 35 heavy machinery vehicles to Ukraine via the EU Civil Protection Mechanism. First vehicles have already arrived via the EU hub in Poland,” the European Commission said on Twitter on Friday.

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Damage to Irpin’s infrastructure is estimated at UAH 25.3 bln or $922 mln

Damage to Irpin’s infrastructure from Russian military aggression against Ukraine is estimated at UAH 25.3 billion or $922 million, follows from a study by the KSE Institute as part of the RebuildUA project.
According to it, the destruction of the housing stock in the city constitutes the largest part of the total damage – UAH 17.7 billion, of which UAH 11.6 billion is the destruction of apartment buildings. In general, 48% of the entire housing stock of Irpin was destroyed – 9,690 residential buildings, household buildings and structures with a total area of 4.1 million square meters.
During the occupation of Irpin by Russians from the end of February until the liberation on March 28, some 10,500 buildings in the city were damaged, of which 2,501 were significantly damaged or completely destroyed.
As a result of the military aggression of the Russian Federation, 53% of all social facilities of the city were also destroyed, the damage is estimated at UAH 3.7 billion. According to the KSE, 54 educational institutions (damage in the amount of UAH 1.3 billion), 26 medical institutions (UAH 236 million), 16 cultural and religious facilities were destroyed due to hostilities.
In addition, damage was caused to a number of industrial infrastructure facilities. According to estimates, 323 industrial buildings worth UAH 2.9 billion were damaged or destroyed.
Due to the destruction of government, administrative buildings, police and post offices, the city suffered damage in the amount of UAH 262.5 million.
As reported, according to KSE estimates, the total amount of direct damage to the Ukrainian economy from damage or destruction of residential, non-residential buildings and infrastructure due to Russian aggression is $95.5 billion, or UAH 2.6 trillion.

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INFRASTRUCTURE MINISTER OLEKSANDR KUBRAKOV: UKRAINE SHOULD FOCUS ON MANY SMALL PROJECTS BY WAR END

Ukraine, while active hostilities with the Russian aggressor continue, is in survival mode, and during this period it is too early to take on billion-dollar projects for decades, Infrastructure Minister Oleksandr Kubrakov believes.

“Now we need to launch a lot of low-cost and small projects that will help us and our trading partners to implement them quickly and concretely,” he said in an interview with the Swiss newspaper Neue Zürcher Zeitung.

“Instead of planning completely destroyed hospitals from scratch, I prefer to focus on repairing hospitals with broken windows and damaged roofs,” the minister explained.

Among such priority projects, he named the rapid repair of bridges, roads and railway lines, which are key for the army and economic recovery, as well as all projects related to increasing the country’s export capabilities.

“Honestly, we are not talking about billions, but millions and many other small projects. New, more efficient checkpoints on the border with Poland, Romania and Moldova, new railway lines from the nearest cargo points in Ukraine, which use the European standard track instead of the Russian wide track,” Kubrakov explained.

According to him, global reconstruction in Ukraine will begin with the end of the war. The Minister of Infrastructure noted the need not just for the reconstruction of old Soviet bridges, but for the construction of new ones using modern technologies.

“Instead of repairing Soviet bridges, we should seize the opportunity to create new ones using the latest technology. And we should at least convert and electrify railways from the Soviet wide track to the European standard one in such a way that all the country’s important cargo hubs are directly connected with Europe,” the minister said.

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UK BUSINESS TO HELP RESTORE INFRASTRUCTURE IN UKRAINE

During the UK-Ukrainian infrastructure summit in London, Ukraine and the UK, as well as representatives of UK business, signed a Memorandum on Ukraine’s infrastructure restoration.
The Ministry of Infrastructure of Ukraine said in a report on its website on Saturday that this memorandum provides an opportunity for UK business to fully participate in the restoration of Ukraine’s infrastructure destroyed by Russia.
In partnership with UK business, a working group has been created that will work on the restoration of the critical infrastructure of Kyiv city and the region.
“The Ministry of Infrastructure is already developing a public register of damaged infrastructure and, together with colleagues in the government and international partners, is developing solutions for digital recovery management,” Ukrainian Infrastructure Minister Oleksandr Kubrakov was quoted as saying.
According to him, now about 30% of the infrastructure in Ukraine has been destroyed.
At the same time, in the course of work on the restoration of transport communication, 41 temporary crossings have already been installed, almost 1,000 km of roads have been cleared.
The Ministry of Infrastructure said that the government of the UK, in particular, Secretary of State for Transport Grant Shapps, from the start of a full-scale invasion of Russia, provided full support in repelling aggression, restoring destroyed infrastructure and establishing supply chains in the condition of the war.

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KYIV SCHOOL OF ECONOMICS: DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM RUSSIA’S MILITARY ACTIONS ALREADY EXCEEDS $80 BILLION

As of April 11, 2022, the KSE Institute estimated damage to Ukraine’s infrastructure from the war in the country at $80.4 billion, or UAH 2.4 trillion, while over the past week, the estimate of losses increased by $12.2 billion, according to a press release. analytical division of the Kiev School of Economics (KSE) KSE Institute.
“Over the past week, direct losses to the Ukrainian economy due to destruction and damage to civilian and military infrastructure, documented in public sources, have increased by $12.2 billion. As of April 11, the total amount of direct documented damage to infrastructure, based on public sources alone, has already reached $80.4 billion, or UAH 2.4 trillion,” the KSE Institute said, referring to data analysis within the framework of the Russia will pay project.
Most of all, the growth in the cost of infrastructure damage increased over the past week due to the destruction of residential real estate, including due to clarifications of previous destructions, analysts said. Also, the assessment of the damage caused by the loss of assets of enterprises has also increased.
In general, according to the general estimates of the Ministry of Economy and KSE, the losses of the economy due to the war, taking into account the direct losses calculated in this project, as well as indirect losses, such as a decrease in GDP, a halt in investment and an outflow of labor, range from $564 billion to $600 billion .
According to the release, during the 47 days of Russian aggression in Ukraine, at least 23,000 km of roads, 37,000 sq. m of housing stock, 319 kindergartens, 546 educational institutions, 205 medical institutions, 145 factories and enterprises. In addition, at least 54 administrative buildings, 277 bridges and bridge crossings, 10 military airfields, eight airports and two ports were damaged during the war. Also as of April 8, at least 74 religious buildings and 62 other cultural buildings have been damaged, destroyed or seized.
As reported, the Office of the President, the Ministry of Economics and the analytical center at the Kiev School of Economics KSE Institute launched the project “Russia will pay” – a portal to collect information about the destroyed objects in the country as a result of Russia’s full-scale war against Ukraine.
On a special website https://damaged.in.ua/ you can provide information about the damage caused as a result of the war against Ukraine. In the future, this information will be used by the Ukrainian government as evidence in international courts to compensate Russia for the damage caused.

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KYIV SCHOOL OF ECONOMICS RAISES ESTIMATE OF DAMAGE TO UKRAINE’S INFRASTRUCTURE FROM RUSSIAN AGGRESSION

As of April 1, 2022, the KSE Institute estimated the damage to Ukraine’s infrastructure from the war in the country at $68.2 billion, or almost UAH 2 trillion, while over the past week the estimate of losses increased by $5 billion, according to a press release of the analytical division of the Kyiv School of Economics (KSE), KSE Institute.
“Over the week, the damage caused to Ukraine’s infrastructure during the war waged by Russia has increased by more than $5 billion. As of April 1, the total amount of damages is $68.2 billion,” the KSE said, referring to the Russia Will Pay project.
“Since the beginning of Russia’s military aggression on February 24, at least 533 institutions of secondary and higher education, 300 kindergartens, 196 healthcare institutions, 129 factories/warehouses are destroyed or damaged. The Ministry for Communities and Territories Development estimates that 6,800 residential buildings were damaged or destroyed. According to the KSE Institute, the total amount of damaged/destroyed residential real estate is about 26 million square meters,” the report says.
“In addition, 54 administration buildings, 260 bridges and bridge crossings, 10 military airfields, 8 airports, 2 ports were damaged by the war. During full-scale Russia’s invasion, the occupiers caused damage to Ukraine, destroying or damaging 64 religious buildings and 51 cultural objects,” it reads.
As reported, the Office of the President, the Ministry of Economy and the analytical center at the Kyiv School of Economics, KSE Institute, launched the Russia Will Pay project, a portal to collect information about the destroyed objects in the country as a result of Russia’s full-scale war against Ukraine.
On the special website https://damaged.in.ua/ you can provide information about the damage caused as a result of the war against Ukraine. In the future, this information will be used by the Ukrainian government as evidence in international courts for compensation by Russia for the damage caused.

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