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

KSE Institute estimates direct damage to Ukraine at $197.5 billion as of February 2026, up 16% from November 2024. Housing remains the hardest-hit sector at $65.9 billion, followed by transport at $42 billion. Energy-sector damage rose 25% to $18.3 billion.

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. 

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.

The full report can be found here