According to a report published on Wednesday by analysts of the Kyiv School of Economics (KSE), Ukraine’s agricultural sector recorded direct and indirect losses of more than 80 billion dollars as a result of the Russian invasion, Reuters reports. Agerpres.

At the beginning of January 2023, analysts estimated the level of losses at 38 billion dollars.

Ukraine is a major world exporter of grain, but since February 2022, battles have been going on for large territories in the east and south, lands are mined or occupied.

Using data from the Government of Kyiv and other sources, KSE analysts calculated that the direct losses of the Ukrainian agricultural sector as of December 31, 2023 reached $10.3 billion against $7.8 billion a year ago.

The figure includes losses of $5.8 billion from the destruction of equipment, $1.8 billion from damage to silos, and nearly $2 billion from the destruction of agricultural products.

Analysts estimated that the indirect losses – reduced production, reduced exports, higher costs of production and restoration of damaged soils – amount to about 69.8 billion dollars.