Ukraine’s economy will suffer a $700 billion hit with Russia

Dozens of countries and agencies pledged more than a billion dollars to Ukraine on Tuesday during the winter months as Russia continues to bombard its force networks with airstrikes.

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Russia has relied on airstrikes and bombing of civilian infrastructure in an attempt to break the morale of Ukrainians by depriving the country of heat, running water or electricity as the bloodless winter months begin; one decision, defense officials say, is due to Moscow’s decision. Disasters on the front lines.

Russia “has selected a cynical strategy, aimed at destroying civilian infrastructure to bring Ukraine to its knees,” French President Emmanuel Macron said Tuesday. “The objective is clear: to respond to the defeats of the army by sowing terror among civilians, to verify to break the back because the front cannot. “

Ukrainian President Volodymyr Zelenskyy said Ukraine needed emergency turbines for the estimated 12 million people living without power as much as its troops needed armored vehicles.

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While the sum is expected to provide the aid Ukraine desperately wants, it falls far short of Kyiv’s real need to rebuild.

In October, the International Monetary Fund estimated that Ukraine wants $5 billion a month to stay afloat if Russia continues its deadly bombing campaign.

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The estimates followed projections released by the World Health Organization in early September, which showed that about $97 billion in damage had already been sustained, most commonly in the housing and transportation sectors, other estimates reached $130 billion in damage.

The bank also estimated that general reconstruction wishes would charge around $349 billion, though it noted that this figure “is expected to increase in the coming months as the war continues. “

The Associated Press contributed to this report.

Caitlin McFall is a reporter for Fox News Digital and covers political, U. S. and news news.

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