Ukraine: war damages to enterprises by industry 2022

The Kyiv School of Economics estimated that the Russian invasion of Ukraine brought direct losses of 3.35 billion U.S. dollars to assets of Ukraine's base metals enterprises as of April 11, 2022. Furthermore, coke and oil refineries were reported to have suffered losses of nearly 1.4 billion U.S. dollars in assets.

Estimated direct losses to assets of enterprises in Ukraine from the Russian invasion as of April 11, 2022 (in billion U.S. dollars)

Characteristic	Estimated losses in billion U.S. dollars
Base metals	3.35
Coke, oil refineries	1.39
Engineering	0.64
Food production	0.3
Military production	0.18
Other non-metal products	0.12
Chemicals	0.11
Wood and paper	0.1

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Release date

April 2022

More information

Region

Ukraine

Survey time period

as of April 11, 2022

Supplementary notes

The source specified the following information: "Based on publicly available evidence. This is a lower bound estimate, and the true losses are likely to be times higher.

These calculations are based on the analysis of several thousands of public notifications from Ukrainian citizens, the government, local authorities about losses and damages throughout the country, as well as indirect assessment methods such as calculating the estimated area of the war-damaged property in the most affected cities.

The methodology also includes the World Bank’s experience in analyzing losses in Syria and Iraq, as well as the recommendations of the leading Ukrainian investment company Dragon Capital. We are going to continue this work in the future, which will allow us to detail the assessment of the object by regions and types of buildings, losses of utilities and infrastructure, etc.

Indirect methods of estimating the value of destroyed residential real estate have been used due to the lack of regular public updates on the total number of destroyed and damaged dwellings, in particular by region and the number of private / apartment buildings. Also, the assessment of the value of damaged and destroyed housing now also includes the assessment of the need for expenditures for the dismantling of destroyed buildings and repairs in the buildings to be built. The valuation of the assets of enterprises no longer takes into account depreciation and added work in progress and inventories. Receipt of updated and detailed data from the Ministry of Infrastructure on the current amount of damaged / destroyed infrastructure objects, as well as their replacement value.

These estimates are not exhaustive: information on numerous damages and destruction may be missing due to the inability of citizens, local and state authorities to promptly record the damage in each city and town. Also, due to the lack of information at this stage, the assessment includes only losses from destruction / destruction of buildings, not taking into account the cost of equipment (including hospitals, research institutions, damaged vehicles, etc.)."

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