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World Bank raises Ukraine's reconstruction and recovery needs estimate by 8% to $524 billion

Residential building destroyed during Russian shelling of Kherson in March 8 2024 (Photo by Destroyed Buildings via Ukraine Media Center)

The total cost of reconstruction and recovery in Ukraine as of Dec 31, 2024 stood at $524 billion over the next decade, about 2.8 times the country's estimated GDP for 2024, the World Bank, the European Commission, the United Nations, and Ukraine's government said on Tuesday in an updated Rapid Damage and Needs Assessment (RDNA).

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Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme

Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme

Ukraine’s Prosecutor General Ruslan Kravchenko has submitted his resignation after an anti-corruption investigation implicated senior officials in his office in an alleged scheme to protect fraudulent call centers and launder criminal proceeds. Kravchenko tendered his resignation late on Sept. 7, calling it a “political decision” and saying he

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