The ongoing war is still a humanitarian, economic and environmental crisis. Last year, Ukraine\u2019s GDP contracted by 29.2% as a result of millions of people being displaced within the country or fleeing abroad, as well as the crippling of the state\u2019s infrastructure, energy and transport networks and critical sectors, notably agriculture and industrial commodities. Despite this, the Ukrainian government and people continue to demonstrate perseverance, restraint, national togetherness and dedication to recovery and reconstruction.<\/p>\n\n\n\n
Ukraine has received unprecedented levels of material, moral and short-term macro-financial aid to maintain its financial viability. Businesses, investors and international donors have all pledged support for Ukraine\u2019s long-term reconstruction efforts. In March 2023, a joint assessment by the World Bank, the European Commission and the Ukrainian government estimated that restoration and recovery would cost approximately US$411bn. This number will undoubtedly increase.<\/p>\n\n\n\n