The World Bank (WB) estimates the damage from Russia's invasion of Ukraine to be worth $60 billion, Sky News reported on Thursday.
WB President David Malpass said at a conference on Thursday that the cost of damages is increasing by the day.
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Letter to the Reader — Why We're Asking for Your Support ContributeThe extent of the damage remains unclear in some areas, such as the heavily bombed Mariupol, although it has been suggested that 90% of the city's infrastructure has been destroyed.
"Of course the war is still going on, so these costs are increasing," said Malpass.
Ukrainian President Volodymyr Zelenskyy said in a video link to the forum that Ukraine will need $7 billion a month to compensate for economic losses caused by the war.
He urged global powers to further disrupt relations with Moscow.