Ukrainian Agriculture Lost $40.2 Billion Due to the War

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According to the calculations of the Center for Food and Land Use Research at the Kyiv School of Economics (KSE Agrocenter), the Ukrainian agricultural sector suffered USD 40.2 billion in direct and indirect losses as a result of the full-scale war.

It is noted that the Ukrainian agriculture sector suffered $ 8.7 billion in direct losses ($ 2.1 billion more than estimated in November 2022). Most of the losses, namely $ 6 billion, are due to destroyed and damaged agricultural machinery and storage facilities for manufactured products.

Indirect losses amounted to $31.5 billion in indirect losses ($2.76 billion less than estimated in November last year). Most of the losses in this category are associated with a decrease in crop production, which account for almost half of all indirect losses (14.3 billion).

According to the Center, the industry needs at least $29.7 billion to recover.

As reported, according to the Government Office for Attracting and Supporting Investments UkraineInvest, the amount of direct damage caused by Russia to Ukrainian infrastructure, industrial facilities and production logistics has increased to almost $ 50 billion.


PigUA.info by agravery.com