Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Kakhovka Dam destruction direct losses amounted to USD 2 bn for Ukraine

Breached Kakhovka Dam. Photo: Energoatom’s Telegram channel
Kakhovka Dam destruction direct losses amounted to USD 2 bn for Ukraine

Ukraine has suffered direct losses of at least $2 billion due to the destruction of the Kakhovka Hydroelectric Power plant by Russian forces on 6 June, Ukraine’s Ministry of Economy reported, referring to an initial assessment by the KSE Institute of the Kyiv School of Economics. Indirect losses are much higher.

The environmental losses alone reached $1.5 billion, housing losses are estimated at $950 million, and the energy sector has lost $624 million. The construction of a new hydroelectric power plant will cost about $1 billion. Among the indirect agricultural losses is the destruction of the region’s irrigation system.

“Providing the affected regions with drinking water remains a priority. Thus, the Budget Committee has approved the allocation of $41 million (UAH 1.5 billion) for the construction of main water pipelines,” Economy Minister Yulia Sviridenko.

The KSE Institute stated that it is only an initial analysis within the framework of the “Russia Will Pay” project, and the additional damage is still being recorded.

Related:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here