Page 9 - UKRRptNov23

risks and improving financial instruments
○ stimulation of domestic demand
○ support principles of the EU Green Deal and develop stimulus
government policies
○ developing specialized education and training
○ promoting cross-sectoral and international collaboration and
protecting intellectual property
These priority sectors correspond to the strategic directions of the development of the Ukrainian economy, which were presented by the government of Ukraine in London in June at the Ukraine Recovery conference held in London in June .
Cross-cutting Priorities: Lastly, the note identifies overarching themes like EU alignment, digital transformation, and green transition.
During July-September 2023, the GoU, led by the Ministry of Economy of Ukraine and with the support of the KSE, held a series of comprehensive consultations with the business environment, associations, experts and NGOs regarding priority sectors of economic development and sections of the Ukraine Facility. In total, more than 30 meetings were held with various groups of key stakeholders, in which more than 1,300 participants took part.
In sum, the concept note acts as a roadmap, laying the groundwork for the more detailed Ukraine Plan. It reflects a multi-faceted approach, considering both specific sectors and broader systemic reforms to achieve robust, sustainable growth.
2.2 Russia’s attack on Ukraine does $150bn worth of physical damage
As of September 2023, marking the 16th month of the full-scale war, the documented damages to Ukraine's infrastructure caused by russia's invasion have reached $150.5bn (at replacement cost), Kyiv School of Economics (KSE) reported on October 8.
The growth amounted to $0.7bn, which is modest considering that the previous update was three months ago. The largest part of the increase is attributed to education assessment’s updates (plus $0.4bn).
Residential buildings account for the largest share of damages, totalling 37% or $55.9bn, followed by infrastructure at 24.3% or $36.8 bn.
The damages to business assets currently amount to a minimum of $11.4 bn and are still increasing. Additionally, the education sector has incurred direct damages of $10.1, the energy sector has incurred direct damages of $8.8 bn and the agricultural sector has incurred direct damages of $8.7 bn due to the war.
The cumulative damages to public sector facilities, including social objects, educational and scientific institutions, healthcare facilities, cultural structures, sports facilities, and administrative buildings, approximately $16.1 bn.
Comprehensive and up-to-date reports, along with interim releases, of the
9 UKRAINE Country Report November 2023 www.intellinews.com