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The Cost of the War on Ukraine's Economy Keeps Rising

Updated: 7 Eki 2026 · 1 min read · 168 words

Published: · Story reached us: · Processing time: 12 h 23 min

The Cost of the War on Ukraine's Economy Keeps Rising
An idle steel plant

Kryvyi Rih remarks

Russia’s missile and drone attacks are straining Ukraine’s economy. Major steel and mining facilities in Dnipropetrovsk have halted operations; the ArcelorMittal plant in Kryvyi Rih, Zelensky’s hometown, was also suspended following the September attacks. Mayor Vilkul says they are working to keep basic services running in the city, adding, “It’s a matter of survival.”

Chair Pidlasa’s figures

The steel sector, which accounted for about 10 percent of prewar economic output, is at a standstill.

According to Budget Committee Chair Pidlasa, the daily cost of the war has risen from 140 million dollars to 190 million dollars in two years.

Kyiv’s timeline

In the first 9 months, more than 44 billion dollars was spent on defense, while tax revenue remained at 42 billion dollars. Grain exports fell 36.6 percent in September; 40 billion dollars’ worth of exports are at risk. Due to delays in reforms, 29.5 billion dollars in foreign aid is also in jeopardy; Kyiv aims to pass the regulations through Parliament by October 15.

Source: Independent Türkçe