Valuation of war damage

Valuation of war damage


Businesses in Ukraine have experienced substantial and ongoing financial losses due to Russia's military aggression. This has led to severe damages, disruptions in production processes and supply chains, and human casualties. 

According to estimations by Kyiv School of Economics, as of February 2023 the total amount of damage caused by Russia to Ukraine’s infrastructure exceeded $143 billion (at replacement cost). 

Agricultural war damages, losses, and needs amount $40 billion, including direct and indirect losses. 

To get reimbursement for the damage caused, the first step is to record and assess the damage from the war.


Damage valuation methodology

Valuation of damage and lost profits due to Russian aggression is carried out in accordance with the Methodology approved on 18.10.2022 by the Ministry of Economy of Ukraine and the State Property Fund of Ukraine. 


Valuation of war damage

Data by Kyiv School of Economics (KSE)

The assessment of damages accordance with this Methodology serves to determine:  

  • Damages caused by armed aggression within the scope of criminal proceedings in accordance with the legislation of Ukraine.
  • Damages caused by armed aggression for the purpose of victims' claims for compensation.
  • Damages caused by armed aggression for the purpose of filing lawsuits by victims to judicial authorities, including international ones. 


According to this Methodology the types of damages are as follows: 

  • Real damages.
  • Lost profit/benefits.
  • Expenses necessary to restore property and property rights impacted due to aggression. 


The valuation is carried out by independent valuers or court experts.

The damage valuation report is valid until the date of compensation (inclusive).