The cost of the Kakhovka Dam destruction

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The destruction of the Kakhovka Dam in June 2023 has resulted in significant economic and environmental losses. This catastrophe impacts the lives of 100,000 people who were evacuated or displaced on a vast area the size of Switzerland – from Kryvyi Rih in the north, to Melitopol in the east, and the Crimean Peninsula to the south. The loss is estimated at $4 billion, with long-term costs amounting to a further $2 billion due to problems with potable water and irrigation, as well as navigation on the Dnipro river.

Published on VoxEU / CEPR