The Russian invasion damaged $10.3B of tangible assets belonging to Ukraine’s agro-industrial complex, with damage to agricultural machinery accounting for almost 57% of all losses, or $5.8B. In total, more than 21% of Ukraine’s available agricultural machinery and equipment fleet is completely destroyed or damaged.
The second largest category of damaged assets, in the amount of $1.9B, is grain and oil crops, which were not only destroyed but also stolen by the Russians.
The third largest category of asset damage is storage, accounting for 17.5% of all damages, or $1.8B. Almost 11.3 million tons of capacity were destroyed, and another 3.3 million tons were damaged.
In addition, the demining of agricultural land will cost Ukraine between $12.8- $26.6B.
The total losses of the agricultural sector are estimated at $69.8B. This figure significantly exceeds the entire agricultural sector’s contribution to Ukraine’s GDP in 2021.
The largest category of losses is decreased crop production, which accounts for 49.2% of all losses, or $34.3B.