Ukraine is reaching the brink of starvation amid the war with Russia, poverty increased 10 times

Arup Banerjee said that in the past weeks Russia has carried out attacks on Ukrainian infrastructure, which has made the situation worse. However, Russia has changed its strategies, which has increased the risk.

Poverty in Ukraine has increased 10 times amid the war with Russia. A top World Bank official said a Russian attack on Ukraine’s infrastructure could worsen the economic situation in the country. Arup Banerjee, the World Bank’s regional director for Eastern Europe, said Russia’s attacks on Ukraine’s infrastructure in the past weeks have made the situation worse. However, Russia has changed its strategies, which has increased the risk.

He said that if the war continues, its consequences are going to be even worse. In a conversation with a news agency, he has drawn attention to the problems faced by the winter season, which can increase the problems for the displaced people. He said that winter really causes trouble, certainly by December or January if the houses are not repaired then internal wave of migration of displaced people can be seen.

Ukraine needs 55 billion dollars

Earlier, Ukrainian President Volodymyr Zelensky said Ukraine may need between $55 billion and $38 billion to meet the projected budget deficit next year. He said Ukraine needed $17 billion to repair infrastructure, including schools, housing and energy facilities, after the Russian invasion. The Ukrainian president said he needed funds to maintain order amid the war, and that necessary repairs and re-construction work was also starting.

Poverty in Ukraine may increase to 55%

Arup Banerjee said that the appeal made by the Ukrainian President was discussed in the annual meetings of the International Monetary Fund and the World Bank. In the last weeks also, the Ukraine war was discussed. “Most countries have indicated that they will financially support Ukraine next year, which is a positive result,” he said. He said 25% of the population would be living in poverty by the end of the year, up from a little over 2% before the war, and could rise to 55% by the end of next year.

Related posts

Earthquake In Taiwan Photos: Southeastern Taiwan shaken by strong earthquakes

TAS Staff

Japan made strict changes in COVID&19 rules, all people coming from China will have to undergo investigation

TAS Staff

Wildfire in California: Massive fire in California wildfires, thousands of people flee; many injured

TAS Staff

South Korea alerted by 180 North Korean warplanes in the northern border, sent jets to the front

TAS Staff

Corona created an outcry in China, the health agency said – it is impossible to track the exact number of COVID cases

TAS Staff

What is Notice to Air Mission System or NOTAM? in which air services were stalled in America

TAS Staff

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More