Ukraine War Damage Rises to $197.5B, KSE Institute Says

Damages to Ukraine’s infrastructure from the war have risen to $197.5 billion, KSE Institute estimated as of February 2026. The total amount of direct damage inflicted on Ukraine’s real estate, other infrastructure, vehicles, and inventories as a result of Russia’s full-scale invasion has risen to $197.5 billion. Compared with the previous estimate of $169.8 billion as of the end of 2024, the total damage has increased by 16%.The research was published on August 17, 2026. JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. The housing stock has sustained the greatest damage, estimated at $65.9 billion. Nearly 416,000 residential buildings have been damaged or destroyed. Damage to transport infrastructure is estimated at $42 billion, while damage to the assets of enterprises in industry, construction, and the services sector amounts to $18.4 billion, and damage to the energy sector totals $18.3 billion. A further $12.2 billion accounts for damage to educational infrastructure, and $12.1 billion for damage to the agricultural sector and land resources. In absolute terms, the largest increase was recorded in the estimated damage to the housing stock, which rose by $5.9 billion. Damage to the energy sector increased by 25% compared with the previous estimate. More than 29,000 km of national, local, and municipal roads have been damaged or destroyed. Damage incurred after February 2026, including as a result of intensified Russian missile attacks during the summer months, is not included in this estimate. KSE Institute continues to refine its assessment of direct damage, working on additional categories as well as scenario-based estimates of the potential scale of further destruction. Other Topics of Interest Russia Places Son of RFK Jr. on Wanted List for Fighting in Ukraine Conor Kennedy, the son of the US health secretary, fought for Ukraine at the onset of Russia’s 2022 invasion but has reportedly returned as of October that year. The full report can be found here. KSE Institute is an analytical center at the Kyiv School of Economics. In 2005, KSE / EERC and the Stockholm Institute of Transition Economics (SITE) established the Kyiv Economics Institute (KEI) to provide scientific economic facts for economic policy-making and changing the policy-making process based on data and facts. Since the beginning of the full-scale invasion, KSE Institute analysts have focused on key wartime projects (LeaveRussia, participation in the Yermak-McFaul International Sanctions Group, Reconstruction projects), actively cooperating with the Ukrainian government in assessing damages, the effectiveness of sanctions against the aggressor and the development of scenarios for the recovery of Ukraine’s economy after the war.