Espreso. Global

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

3 April, 2023 Monday
16:18

Ukraine's economy should return to its pre-war state within the two years after the end of the war with Russia

client/title.list_title

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.

 
 
Tags:
Read also:
  • News
2024, Monday
22 July
13:18
EU foreign ministers meet in Brussels to discuss Orban's 'peacekeeping tour'
13:00
Exclusive
Biden's withdrawal shows Democrats’ unconventional approach — Ukrainian diplomat
12:44
Shipments of microelectronics from China, Hong Kong to Russia drop 28% in 2024
12:31
Exclusive
Russia likely chose media figure to catalyze events in Ukraine: expert on Iryna Farion’s murder
12:16
Russia claims to down 75 UAVs, Tuapse oil depot on fire
12:01
OPINION
Trump realizes Ukraine issue needs to be addressed directly with Ukraine
11:40
Review
Why the West contemplates Ukraine striking Russia with Western weapons
10:55
Ukrainian team NaVi wins CS2 tournament
10:33
Exclusive
Russian troops have no advances in Kharkiv region — Achilles battalion commander 
10:13
Exclusive
Ukraine could block Crimea this year — military expert Zgurets
09:56
Ukraine's Zelenskyy reponds to Biden's withdrawal from presidential race
09:36
Russia loses 1,050 soldiers, 51 artillery systems, 18 tanks in one day of war in Ukraine
2024, Sunday
21 July
21:15
Ukrainian MPs issue ultimatum on Moscow Patriarchate ban
20:51
Interview
For most Trump supporters, Ukraine is a non-issue – political scientist Piontkovsky
20:14
Exclusive
How Russia's occupation of Prohres village impacts the course of this war 
19:55
Can Russia сontinue to fight Ukraine for another decade
19:31
OPINION
The war will continue. There is simply no other option
18:42
Russian army threatens farmers over poor yields following Russia's annihilation of the Kakhovka dam
18:12
France restricts access to 2024 Olympics for Russian, Belarusian journalists and technical support
17:44
OPINION
Why does Russia fear democracy?
17:19
Funeral for Polish volunteer soldier, killed on front line in Ukraine
16:58
Georgia calls military volunteers who fought in Ukraine in for questioning
16:38
Trump's ex-advisor Bolton: Concessions to Putin will devastate both Ukraine and U.S.
15:50
OPINION
"Peacemakers with silencers": How Trump's radicalization will impact end of war in Ukraine
15:20
Russian troops ready new assaults on Vovchansk and Hlyboke
14:53
Russia's Il-76 aircraft malfunction due to poor-quality parts - media
14:25
Russia launches 13 air bombs on Toretsk overnight
13:55
OPINION
Zelenskyy-Trump: Analysis
13:14
Slovak PM Fico criticises sanctions on Russian oil company Lukoil in conversation with Shmyhal
12:47
Russian troops target civilians with drone in Beryslav
12:14
172 clashes at the front as Ukrainian forces repel 52 Russian attacks near Pokrovsk – General Staff
11:45
Exclusive
“Out of operation for a while”: aviation expert on Russia’s Millerovo airfield attack
11:17
Ukraine’s air defense destroys 35 Russian Shaheds, 2 Kh-59/69 missiles
10:41
Russia loses 1,110 soldiers, one air defense system, 9 tanks, and 44 artillery systems in a day
2024, Saturday
20 July
19:51
Russia attacks Ivashky village in Kharkiv region with FPV drone, killing civilians
19:28
Review
Skyguard system: advanced defense against airborne threats
19:05
Russian troops attack Dnipropetrovsk region, killing 44-year-old man
18:46
US imposes sanctions against Russian hackers
18:25
85 clashes occur at front, Russian troops keep attacking in Pokrovsk sector - Ukraine's General Staff
18:03
American reporter Evan Gershkovich sentenced to 16 years in prison in Russia
More articles