President’s Office predicts that Ukraine's economy will reach its pre-war level two years after victory

Oleh Ustenko, adviser to the President of Ukraine on economic issues, said this on FREEDOM TV channel.

The adviser to Zelenskyy stated that if the war were to end tomorrow, it would take approximately two years from the beginning of April for the country's economy to reach its pre-war level. However, he pointed out that the pre-war level of funds is only one aspect, and the economy will be a completely new system.

The direct damage caused to Ukraine is estimated to be $750 billion, according to Zelenskyy's adviser. 

“When indirect losses are considered, the amount exceeds $1 trillion, which is a substantial sum of money. The funds for restoration will primarily come from the seized assets of the Russian Federation, which is approximately $300 billion from the Central Bank of the Russian Federation, and $150 billion from the Russian nomenclature or "elite." This equates to roughly half a trillion dollars,” he said. 

Ustenko noted that the other half a trillion dollars will be paid by the Russian Federation as reparations for an extended period. He emphasized that the money will be directed first towards rebuilding people's homes. This includes modern, new houses that meet safety criteria, such as having bomb shelters and being environmentally safe. The president's adviser underscored that this is not about renovating Soviet buildings but about constructing entirely new modern homes.

• Earlier, the World Bank estimated the recovery of Ukraine at 411 billion dollars.