The article reports on the ongoing conflict in Ukraine and its impact on the country’s economy. The Rapid Damage and Needs Assessment (RDNA4) by the World Bank estimated that direct losses in Ukraine reached $176 billion at the end of December 2024, compared to $152 billion in February last year.
The sectors that have suffered the most from Russian attacks are housing, transportation, energy, trade and industry, and education. It is reported that 13% of Ukraine’s total housing stock was damaged or destroyed, affecting over 2.5 million homes. The energy sector has also been severely impacted, with a 70% increase in damaged or destroyed assets.
The article also reports on a drone attack on Russia’s Ryazan oil refinery, which has halted operations after a Ukrainian drone attack set its main crude distillation unit on fire. The refinery had only recently resumed activity and is one of Russia’s five largest oil refining facilities.
Overall, the article highlights the significant economic impact of the conflict in Ukraine and the ongoing attacks by Russian forces on critical infrastructure.