According to a report on 9 September 2022 prepared by the World Bank, the European Commission and the Ukrainian government, the cost of rebuilding Ukraine and its economy has already reached at least USD 349bn (EUR 346bn). At the same time, direct damage to property and infrastructure amounts to over USD 127bn.
It is important to understand that there are ways to claim and receive compensation for damages suffered:
- Where to go – what are the venues to submit compensation claims for war damage?
- How to report war damages in Ukraine?
- How to prove you suffered war damage/destroyed real estate and so have a claim?
- Compensation for war damage: where to get funds?
These questions and many more are answered in our newly updated guide.
May 2022
According to a report on 2 May 2022 prepared by the President’s Office, the government and the Kyiv School of Economics Institute, Ukraine had already suffered losses of USD 600bn due to the war. In the same estimate, direct damage to property and infrastructure is valued at USD 92bn. On 22 April, the World Bank estimated physical damage at roughly USD 60bn.
It is important to understand that there are ways to claim and receive compensation for damages suffered:
- Where to go – what are the venues to submit compensation claims for war damage?
- How to report war damages in Ukraine?
- How to prove you suffered war damage/destroyed real estate and so have a claim?
- How to evaluate war damages to be claimed?
- Compensation for war damage: where to get funds?
- Recovery of war damages – potential options?
These questions and many more are answered in our newly published guide.
