Ukrainian losses due to war more than 100 billion US dollars

Ukrainian losses due to war more than 100 billion US dollars

 Ukrainian Prime Minister Denys Shmygal said on Monday (4/7/2022), Kyiv needed at least $750 billion for a three-stage recovery plan after the Russian invasion. In the Ukrainian Recovery Conference hosted by Switzerland, Shmygal revealed that the damage to Ukraine's infrastructure due to the Russian troops' attacks reached more than 100 billion US dollars. "Today, Ukraine's direct infrastructure losses amount to more than 100 billion US dollars. 

Who will pay for the renewal plan, which is already worth 750 billion US dollars?" said Shmygal, quoted by Reuters. The Ukrainian prime minister added that the Kyiv government believes the main source of funding for the recovery plan is assets seized from the Russian oligarchs. Shmygal said Ukraine's recovery had three stages. The first will focus on improving the things that are important to Ukrainian people's daily lives, such as the ongoing water supply. 

The "rapid recovery" component will be rolled out as soon as the conflict ends, including temporary housing, hospitals and schools. The war going on in Ukraine is also hurting the country's sports industry.

 Ukraine, which has achievements in gymnastics, boxing and football, revealed the impact the Russian invasion had on its sports industry. "More than 100,000 Ukrainian sportsmen have lost the opportunity to train, hundreds of Ukrainian sports facilities have been destroyed," Ukrainian President Volodymyr Zelenskyy said Sunday, while hosting the head of the International Olympic Committee (IOC) in Kyiv. Zelenskyy added that about 89 sportsmen and coaches were killed during the fighting, while another 13 had been captured by Russia. 

"Many Ukrainian sportsmen joined the armed forces to protect our country, defend it on the battlefield. Eighty-nine sportsmen and coaches died in the fighting, 13 have been captured and taken prisoner by Russia," he said. During his visit to Kyiv, Thomas Bach of the IOC said the organization was willing to help rebuild Ukraine's sports facilities, with a donation of $7.5 million. Bach also pledged support to Ukrainian sports teams that plan to take part in the 2024 Olympics in France and the Winter Olympics which are expected to be held in Italy in 2026.

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