A new US-funded report out of Kiev assesses $108.3 billion in economic damages for Ukraine, but requests a 7x replenishment of $750 billion so that the country can “Build Back Better.”
The Kyiv School of Economics has released a new assessment claiming that Ukraine will need hundreds of billions of dollars to “Build Back Better” from its war against Russia.
The Dossier is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
As of August 1, 2022, the new update from the Ukrainian institution assesses $108.3 billion in economic damages from the war, roughly the equivalent of the country’s gross domestic product in 2020.
Twitter avatar for @Forbes
Russia’s invasion of Ukraine has caused $108.3 billion in damage to the country’s infrastructure, according to a study from Kyiv School of Economics released the same day Ukraine’s defense ministry estimated the war has left 3.5 million people homeless.
August 3rd 2022
15 Retweets42 Likes
Twitter avatar for @KyivIndependent
The Kyiv Independent
⚡️Kyiv School of Economics: Ukraine’s economy damage due to Russia’s war estimated at over $108 billion.
According to the KSE, the total cost of damages documented since Feb. 24 has reached $108.3 billion, requiring at least $185 billion for recovery.
August 2nd 2022
419 Retweets1,577 Likes
But as you’ll see in a moment, those damages are rookie numbers. In this era of money printing madness, Ukraine has much more ambitious plans than simply replacing damaged infrastructure. These “expert” economists are about to send the tab soaring.
The study says Ukraine will need a bare minimum of $185 billion, almost twice the amount in damages, in order to repair the nation, citing what they refer to as the “Build Back Better principle.” The slogan was popularized by The World Economic Forum, and is used by governments to refer to their plans to impose digital tyranny and accomplish ESG-compliant objectives.
Ukraine is seeking the “modernization of assets that have not suffered damage and destruction,” the report adds That request will mark up the economic aid request to the tune of $750 billion dollars.
Notably, President Volodomyr Zelensky’s office has previously cited the exact $750 billion number, but claimed it was the total cost of losses. “Now we are working on a long-term plan for the recovery of Ukraine. It defines the list of national reconstruction programs. We have incorporated the Build Back Better principle into this plan,” Zelensky’s deputy said last month.
Twitter avatar for @loganclarkhall
wartime vogue photo shoots. very serious. let’s keep sending ukraine weekly billion dollar aid packages to protect “democracy.” don’t question it.
July 26th 2022
11,112 Retweets48,386 Likes
At the end of the report, we find that the robust damages assessment is not an independent effort. In fact, it is funded by the U.S. taxpayer, through the U.S. Agency for International Development (USAID).
The “assessment” is just the latest document that advances the continuing global campaign to solicit funds for the rebuilding, reconstruction, and “modernization” of Ukraine, despite the fact that the war is ongoing. There has been a concerted effort in the D.C. lobbying and military contracting space to score massive funds for the “reconstruction” effort.
Twitter avatar for @AVindman
Alexander S. Vindman
“There is danger in Western complacency, and allied states must not squander this moment…” @DomCruzBus @ForeignAffairs
Build Ukraine Back Better | Foreign Affairs
Build Ukraine Back Better
Reconstruction is an opportunity for democratic renewal.
July 18th 2022
633 Retweets2,616 Likes
Twitter avatar for @CharlesMichel
Informal exchange with good friends @DrTedros @KGeorgieva on global challenges at @G7
Determined to tackle these crises together with @WHO and @IMFNews
COVID19 and the war in #Ukraine hamper our economies but our resolve to build back better is stronger than ever.
June 27th 2022
93 Retweets322 Likes
Twitter avatar for @morgfair
How Ukraine Can Build Back Better
How Ukraine Can Build Back Better
Use the Kremlin’s seized assets to pay for reconstruction.
May 19th 2022
2 Retweets14 Likes
Meanwhile in D.C., Congress is beginning to whip the votes for a new funding round for Ukraine, yet very few lawmakers having any idea where the first $40 billion ended up.
Twitter avatar for @CrisLeeMaza
NEW: Months after Congress passed an appropriations bill for Ukraine, talks are starting around a new round of funding.
But Republicans first want a fuller accounting of the initial $40 billion. And language in the last bill caused some disagreements 🧵
GOP raises alarm over lack of oversight on Ukraine funding
Language in the last appropriations bill for Ukraine has caused confusion about how Congress can track the funds. Some are concerned it could dampen congressional support for Kyiv.
August 3rd 2022
3 Retweets5 Likes
The Biden Administration continues to send regular military assistance to Ukraine, depleting U.S. stockpiles in the process, and it hasn’t helped the country turn the tide of the war. On Monday, the White House authorized an additional $550 million in weaponry for Kiev.
Married, father of three. Two boys and one girl