The full-scale Russian invasion of Ukraine has inflicted massive damages and losses on Ukrainian agriculture and terminated or even reversed the growth of the last twenty years. This article makes an interim assessment of the financial consequences of the war-related damages and losses in Ukrainian agriculture. The assessment is performed based on data from regular monitoring by the Kyiv School of Economics. The estimated damages to physical assets caused by Russia’s invasion have been found to total $10.3 billion, while economic losses have reached almost $70 billion. With an estimated 16 million hectares being at risk of landmine contamination, the estimated cost of demining Ukraine’s agricultural lands ranges from $12.8 to $26.6 billion. The reconstruction and recovery needs of the agricultural sector beyond this demining are in turn estimated at $56.3 billion.
This paper presents the results of these war-induced damages and losses in Ukrainian agriculture based on an ongoing monitoring of the impact of the Russian invasion on Ukraine’s economy. The estimated damages to physical assets from Russia’s invasion at the time of publication total $10.3 billion, while economic losses (i.e. foregone revenue and/or increased production costs) have mounted to almost $70 billion. We also single out damages to agricultural land due to mining, as this is not included in agricultural damages figures. The current estimated cost of demining agricultural lands ranges from $12.8 to $26.6 billion. In addition, we separately present our estimates of the financial consequences of the Kakhkovka dam disaster on Ukrainian agriculture, which has so far caused $1.18 billion in damages
and losses to the sector. These findings are crucial for understanding the current state of Ukrainian agriculture and the scale of current reconstruction, as well as the level of recovery needed to set it back on a sustainable development path.
The digest describes the analysis of the following topics:
– An Interim Assessment of the War-Induced Damages and Losses in Ukraine’s Agriculture
– Assessing the Impact of the Russian Invasion on Crop Production in Ukraine with Open Satellite Data
Statistics:
– Grain Exports
