There is an uncomfortable question looming over the Ukraine war: has Russia already done so much damage to the country that it will eventually emerge from the war as a failed state that will take generations to recover. Compared to other conflicts, Ukraine’s destruction to GDP ratio is already at 3.5 – the largest in modern history.

The cost of the destruction has already reached $588bn, according to the World Bank’s latest appraisal, but could reach $700bn, or 3.5 times GDP, by end-2026 according to their experts thanks to Russia’s missile dominance and the dwindling supplies to Ukraine’s interceptor air defences.

The fifth joint Rapid Damage and Needs Assessment (RDNA5), published on February 23 by the government, the World Bank, the EC and the UN, put the cost of recovery and reconstruction at almost $588bn over the next decade and direct physical damage has passed $195bn as of December 2025, up from $176bn a year earlier. That is nearly three times Ukraine's estimated 2025 nominal GDP.

@Slavyangrad