Recovery of Ukrainian infrastructure and why does it matter for you
The war in Ukraine became one of the most terrifying and unexpected events in 2022. I was a Ukrainian myself and still can’t recover from the violent action of Russia against my country. The country’s and people’s constant support is a priority for most European countries. Ukrainian Recovery Conference 2022, held on the 4th of July in Lugano, Switzerland, provides crucial insights into why Ukraine’s economic and infrastructure rehabilitation matters and what asset management strategies can be applied.
Economic damages of Ukraine and their impact on the world
Russian shelling and bombing that focused on destroying key infrastructure milestones lasted almost half a year. Since that time, total infrastructure damages constitute approximately $95 billion. Although it is a tragedy for Ukraine, how does it impact Europe, the world, and you specifically?
According to the Ministry of Infrastructure of Ukraine. Ukraine produces 30% of all sunflower oil in the world. That’s why you couldn’t find any of it in supermarkets when the war started in Ukraine. Moreover, Ukrainian wheat covers the food needs of 440 000 000 people, making the country the world food center. Since Russia destroyed 305 bridges, almost 25 000 kilometers of roads, and 6 500 kilometers of the railroad, providing these products is impossible.
Post-war infrastructure recovery goals
Thus, if Ukrainian economic well-being matters in global scopes, what is its asset/infrastructure management plan for war and post-war periods? First of all, Ukrainian authorities react to the Russian damages. They effectively repair bridges, roads, and railway roads to maintain an economic connection with Europe as a priority. Despite the reconstruction, it is crucial to begin integrating the Ukrainian transport and energy system into the EU transport system as Ukraine has attained EU candidate status. Obviously, there are quantitive indicators and aims, but they are highly dependent on post-war outcomes and their duration.
What can you do to facilitate post-war recovery?
As a Ukrainian, I hope for our quick and inexpensive victory. Still, I believe that post-war recovery plans should be created, and people who were not affected by the war should focus on help at the moment. It concerns recognizing and acknowledging the aggressor, first of all. Information is an enormous weapon, and avoiding misinformation and fakes is already a contribution. One of the most affordable ways for Germans, and Europeans in general, to help Ukraine recover is by helping people and donating. Of course, it is not compulsory. No Ukrainian expect you to spend your money on them, but they expect empathy and understanding.