World Bank Says Ukraine’s Agricultural Sector Suffered $11.2B In Direct War-Related Losses

(MENAFN- UkrinForm) According to World bank experts, Ukraine’s agricultural sector has suffered direct losses amounting to $11.2 billion due to the full-scale invasion.

That’s according to the Ministry of Agrarian Policy and Food of Ukraine , Ukrinform reports.

“World Bank calculations indicate that direct losses in the agricultural sector total $11.2 billion. Additionally, $700 million in damages are related to irrigation and water resources,” the statement said.

The latest World Bank report on damage and recovery needs estimates that Ukraine will require $524 billion over the next decade for recovery and reconstruction — 38 billion more than previously projected.

Read also: Grain varieties nearly lost during Russia’s occupation of Kherson region restored in central Ukraine

Of this total, over $64 billion is needed to rebuild and restore trade and industry, while the agricultural sector requires over $55 billion.

Earlier calculations estimated that Ukraine’s agricultural sector had suffered more than $80 billion in direct losses and damages due to the full-scale invasion.

Photo: Evgeniy Maloletka for @apnews

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