Ukraine Seeks €500 Million to Rebuild Key Port Infrastructure Damaged by Russian Strikes
Ukraine needs at least €500 million to restore vital port infrastructure damaged or destroyed by sustained Russian missile and drone attacks, The Gaze reports, citing Reuters.
Speaking at the Black Sea Security Forum in Odesa, Deputy Minister of Territorial Development Andriy Kashuba outlined the urgent funding needs for the reconstruction of critical logistics hubs that support Ukraine’s maritime exports. He stated that nearly 400 port infrastructure facilitieshave been hit during over three years of Russia’s full-scale invasion.
“The main critical infrastructure facilities for ports and shipping that we have already lost have been identified,” said Kashuba. “And now we have to restore them.”
Ukraine currently operates three key Black Sea ports in the Odesa region, while others have suspended operations due to security risks since February 2022. Over 90% of Ukraine’s exports are transported by sea, making port resilience vital to the country’s economic recovery and global trade role.
The full cost of rebuilding port infrastructure is estimated at €1 billion, with the initial half-billion required to restore essential operations and cargo handling capacity.
This port-specific reconstruction is part of a broader recovery effort. According to the World Bank, Ukraine’s total reconstruction needs are projected to reach $524 billion (€506 billion) over the next decade — equivalent to almost three times the country’s current GDP.
Russia’s continued strikes have damaged industrial zones, transport hubs, and civilian infrastructure across Ukraine. Odesa’s ports, which are strategic for grain and metal exports, have been frequent targets in recent months.
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