The ongoing war between Russia-Ukraine has caused an economic loss of $ 54,300 million to $ 60 thousand million to the world. Ukraine’s Kyiv School of Economics (KSE) has claimed this. At the same time, from the war that started on February 24, the economy of Ukraine has suffered a loss of $ 6300 million till March 24. In the midst of the war, the help of Ukraine has also caused thousands of crores of damages to the global economy directly and indirectly.
Russia has been claiming that it is targeting military bases in Ukraine. At the same time, if the report is to be believed, the Russian army has not even spared the school in Ukraine from street to small children. Russia has caused thousands of crores of damage by destroying two ports, 44 religious buildings, 11 shopping malls and seven thermal and hydro electric power plants.
What did Ukraine lose in the Russian action?
property number amount damage
Road 8265 KM 27,546
house 4431 13,542
Factories 92 2921
Health Institutions 138 2466
educational institutions 533 734
Administrative Building 35 574
Military Airfield 10 390
Note: (Amount in Million Dollars)
Impact of collapsed economy on people
More than two lakh vehicles have been reduced to rubble. More than 9.18 lakh people are forced to live in darkness. Drinking water is not available to 60 lakh people. 7.70 lakh people are desperate for food grains to eat.
impact of war on global growth rate
The global growth rate with 3.6 per cent was estimated by the United Nations in September last year. The economy will grow at the rate of 2.6 percent, a decline of up to one percent compared to the estimate due to the war. A trillion dollar debt, in the midst of rapidly rising inflation, will be difficult for developed countries to pay.
Ukraine dependent on help
Ukraine has sought aid of $140 million from the International Monetary Fund (IMF). The World Bank has announced aid of $ 925 million for Ukraine so far. The World Bank has provided $350 million to war-torn Ukraine. The United Nations is raising a fund of 110 crores. To date, $219 million has been raised.