In 2014-2015, Ukraine's GDP lost 15-20% due to Russian aggression, - Economic Development Minister

Source : 112 Ukraine

The overall loss from the damage dealt by Russia made from 50 to 150 billion U.S. dollars, Tymofiy Milovanov said
15:41, 9 December 2019

In 2014-2015, Ukraine's GDP lost from 15 to 20 percent of its volume because of the ongoing Russian aggression in Donbas and Crimea. Tymofiy Milovanov, the Minister of Ukraine's Economiс Development, Trade and Agriculture posted that on Facebook. 

"According to the estimates, the overall losses make from 50 to 150 billion U.S. dollars (Anders Aslund, for one, evaluated it as 100 billion). The estimate of the depreciable value of real estate in the occupied territories (Crimea and Donbas) makes some 85 billion hryvnias ($ 3.5 billion, - 112 International)", Tymofiy Milovanov said.

Related: Russian MP blames Yeltsin for not taking Crimea from Ukraine in 1991

Talking about the state-run real estate property in the occupied areas, one should also mention that some 57,700 objects of state-run real estate property remained in the occupied Crimea. The overall price of these objects makes 1.9 billion U.S. dollars.

The State Property Fund also informed that some 70 percent of Ukraine state assets in Donetsk and Luhansk regions are located in the occupied territories.

Related: Ukraine vs Russia: ICC publishes report on violation of human rights in Donbas, Crimea

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