Situation

The 2002 full-scale Russian invasion of Ukraine continues to cause massive losses to the population and the economy, according to the World Bank’s “Rapid Damage and Needs Assessment (RDNA4)” published in February 2025, the country will need at least $524 billion over the next decade to repair and rebuild the country, an amount equivalent to about 2.8 times the nominal GDP in 2024.

Prioritizing investments in recovery and reconstruction will be key to Ukraine’s accession to the EU and its long-term resilience.

These efforts aim to rebuild the country’s infrastructure, boost its economy and strengthen its institutional framework in line with EU standards.

Recovery offers the opportunity to address the destruction caused by the ongoing invasion and also to Build Back Better, adopting innovative solutions and reforms that meet the expectations of EU membership.

Activation of the private sector remains crucial to the success of Ukraine’s recovery and reconstruction; in the sectors of infrastructure, energy and environment, radical reforms are being undertaken, from decentralization to strengthening tariff mechanisms, in order to attract foreign direct investment and develop projects in concession and Public-Private Partnership.

Although the conflict is still ongoing, reconstruction is already underway, as a mechanism of resilience and development. In 2024, the centralized government procurement platform ProZorro managed more than 500,000 tenders for almost 29.4 billion dollars, while the DREAM platform, which records reconstruction and redevelopment projects, determined by central and local planning, lists almost 11,750 projects for an estimated value of 41.5 billion dollars.

Last modified: May 15, 2025