The ‘Russia Will Pay’ project was created with the Kyiv School of Economics (KSE), in cooperation with the Ministry of the Economy and the Office of the President, to collect data on the damage done to Ukrainian infrastructure as a result of the Russian invasion. It is a portal that allows ordinary people to follow a straightforward algorithm and submit evidence of damage in their areas, creating a large database and thus providing a comprehensive picture of all the atrocities that happen in Ukraine. KSE has estimated that as of March 24, the infrastructure losses were $63 billion. At least 4,431 residential buildings, 92 factories/enterprises, 378 educational institutions, 138 health care facilities, eight civilian airports, 10 military airports, and seven thermal power plants/hydroelectric power plants have been damaged, destroyed, or captured in the country.
The West should be very interested in helping Ukraine out of this war as soon as possible, even simply for economic self-interest. Because Ukraine is a part of a global economy, many of its goods play a vital role in certain markets. Ukraine is one of the top exporters of wheat, sunflower oil, and corn in the world. The inability to sow and harvest this year can result in potential famine in developing countries. In addition, Ukraine is also one of the top producers of neon, which is a key component for lasers used in making computer chips. Ukraine produces 90% of semiconductor-grade neon used in the U.S. Delays in production will further exacerbate existing supply problems.
The situation with reparations is very ‘muddy.’ It is clear that Russia will not be willing to meet its obligations and pay for the damage done to Ukraine. However, because of the unprecedented scale of sanctions imposed on Russia, many countries already have control over Russia’s foreign currency holdings. Technically, holding Russian reserves will allow these countries to take control over the repayments.
In addition to the expected reparations from Russia, some individual governments have already committed to fixing certain objects of infrastructure. For example, Greece has vowed to rebuild the bombed maternity hospital in Mariupol, while Italy expressed a desire to rebuild the bombed Mariupol theater. It is estimated that about 80%-90% of Mariupol has been destroyed by Russian shelling or airstrikes with 2,300 confirmed casualties. (Many remain lying on the streets and buried in rubble unaccounted for.)
Several countries like the U.K., Germany, and the Baltics have also expressed interest in developing an international Marshall Plan for Ukraine. This idea is still very much in its development stage as there are no clear sources of financing or the mechanism of its implementation.
2 Comments
that is an amazing photograph. the professor is a multitalented woman
Brilliant essays by Professor Ogrokhina on the damage done to Ukraine by international criminal Russia. No commentator or government official is talking about seeking reparations from Russia, but that idea is vital and must be pursued by the civilized world for the aggressor to pay for its unspeakable damage. Sadly, the damage is far beyond property. So bravo professor for shining a light on it. We are lucky to have you. Lafayette should do whatever it can to help the Ukrainian people. Today, we are all all Ukrainian. Lafayette family— lets speak up!!!!
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