The explosion of the Kakhovska HPP caused $1.5 billion in damage to nature

The explosion of the Kakhovska HPP caused $1.5 billion in damage to nature
Katerina Belousova

According to the World Bank, the total cost of rebuilding Ukraine has already reached $411 billion

Премьер-министр Украины Денис Шмигаль заявил, что, по предварительным подсчетам, ущерб для окружающей среды от подрыва Каховской ГЭС составил $1,5 миллиарда.

Сумма не учитывает убытки для сельского хозяйства, инфраструктуры, жилья и расходов на восстановление самой станции, сообщает AFP.com.

It happened on conference on reconstruction in London.

"Every day, Russia inflicts new losses on Ukraine," Shmyhal stressed.

He said that the total cost of restoring Ukraine, according to the World Bank, has already reached $411 billion. And the amount will grow, especially after the Russians blew up the Kakhovskaya HPP.

Shmyhal noted that You can finance the reconstruction of Ukraine from several sources, namely:

  • confiscated Russian assets;

"Russia must pay for what it destroyed. We are preparing a fair mechanism that will allow us to confiscate up to $500 billion of Russian assets frozen in the West. The Council of Europe has already adopted a historic decision to create a Register of Damages Caused by Russia's Aggression Against Ukraine. This is the first component of the International Compensation Mechanism," he said.

  • of the Ukrainian budget and funds from confiscation of Russian assets in Ukraine;

"The Ukrainian budget for 2023 has already provided $3.3 billion, and we have already started reconstruction with these funds," Shmyhal emphasized.

  • assistance of international partners, in particular international financial organizations.

The Prime Minister noted that out of the required $14.1 billion for "quick recovery", the partners have already guaranteed the receipt of $4.3 billion.

Earlier, EcoPolitic wrote, that European Environmental Bureau condemned Russia for undermining the Kakhovskaya HPP, which led to extraordinary environmental and humanitarian consequences. The agency called on the UN, the International Criminal Court and its member states to consider the destruction of the dam as a war crime against the civilian population and ecocide on the territory of Ukraine and beyond. Members of the European Parliament also condemned the undermining of the Kakhovskaya HPP dam and named it war crime of Russia.

As EcoPolitic previously reported, on the night of June 6, the Russian invaders blew up the dam at the Kakhovskaya HPP. The Committee on Environmental Policy and Nature Management stated that the undermining of the dam at the Kakhovskaya HPP led to a man-made disaster and an extraordinary environmental situation, which is causing destruction from deep and irreversible changes in nature and eco-costs.

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