The World Bank has estimated Ukraine's losses at $60 billion.

This is a preliminary estimate that includes only losses from destroyed infrastructure and buildings, the World Bank president said. Zelensky estimated damage at $550 billion, Ukrainian Prime Minister Shmyhal allowed GDP to fall by 50%

The damage suffered by Ukraine as a result of the Russian military operation, from damage to infrastructure and buildings, has reached $60 billion, World Bank President David Malpass said at an online WB conference, REUTERS reports.

Malpass clarified that this is a preliminary estimate that does not include economic costs, it is about damage caused by the destruction of infrastructure and buildings. As the fighting continues, casualties will rise, he added.

President of Ukraine Volodymyr Zelensky, who participated in the conference, gave a different assessment. “According to very preliminary estimates, Ukraine lost $550 billion as a result of the destruction,” he said (quoted by RIA Novosti). According to him, the country needs $7 billion a month to compensate for economic losses.

Zelensky believes that Russian assets frozen as a result of sanctions can be used to restore Ukraine and repair the damage suffered by other countries, Reuters reports.

The HEAD of the Ministry of Finance of Ukraine estimated the fall in GDP due to the military operation Economics

According to Prime Minister of Ukraine Denys Shmyhal, by the end of the year, the country's GDP could fall by 50%, the same estimate was previously given by Finance Minister Serhiy Marchenko. Shmyhal said that the country needs a plan similar to the Marshall Plan, a program to help Europe after World War II, which was developed by US Secretary of State George Marshall. Under the plan, from 1948 to 1952, the United States provided more than $13 billion in aid to 16 countries.

In March, the US Senate approved a government spending package that provides for humanitarian, military and economic assistance to Ukraine in the amount of about $13.6 billion. The UK promised to provide Ukraine with a loan of $500 million. Humanitarian aid from the European Union reached €143 million.

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Restoring the economy and attracting external financing are the top priority issues for Ukraine, Zelensky's economic adviser Oleg Ustenko said. At the end of March, Marchenko said that a third of the economy was not working in the country. According to him, the main source of covering the needs of the budget is internal and external borrowing, since tax and customs revenues have decreased significantly.

On April 17, according to Ustenko, Zelensky asked the G7 countries to provide financial assistance in the amount of $50 billion. The United States, Germany, Japan, Great Britain, France, Italy and CANADA promised to provide the country with $24 billion during 2022.