Espreso. Global

Russia causes over USD 27 billion in damages to Ukrainian agriculture, USD 3 billion to farmers

1 September, 2022 Thursday
23:48

As of September 1, Ukrainian agriculture suffered USD 4.3 billion in direct and USD 23.3 billion in indirect losses as a result of Russia's full-scale invasion of Ukraine

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This was reported by Ukraine's Center for Strategic Communications and Information Security.

Direct losses include:

  • land and unharvested crops - USD 2.135 billion;

  • equipment - USD 926 million;

  • lost manufactured products - USD 613 million;

  • granaries - USD 272 million;

  • animal husbandry - USD 136 million;

  • factors of production - USD 120 million;

  • perennial plantations - USD 89 million.

Indirect damages include:

  • losses of producers from the decrease in prices for export-oriented crops - USD 11.9 billion;

  • underachieved harvest - USD 9.6 billion;

  • losses due to increased production costs - USD 859 million;

  • animal husbandry - USD 682 million;

  • loss of harvest of perennial plantations - USD 222.4 million.

In addition, as a result of Russia's full-scale invasion of Ukraine, Ukrainian farmers lost products, equipment, and unharvested winter crops worth more than USD 3 billion.

Ukraine's Center for Strategic Communications noted that as a result of the actions of the Russian Federation, a number of countries in Africa and Asia, which were the main importers of Ukrainian agricultural products, were at risk of a food crisis.

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