ASSESSMENT OF THE CONSEQUENCES OF THE MILITARY AGGRESSION OF THE RUSSIAN FEDERATION AND IDENTIFICATION OF SOURCES OF COMPENSATION FOR DAMAGES

Abstract

ABSTRACT Daily losses caused by the Russian aggression entail a number of destructive changes in the overall structure of the Ukrainian economy. Destruction of infrastructure, industrial facilities, housing stock, energy and humanitarian crises caused by the Russian aggression require assessment and development of a detailed mechanism for determining the amount of damage, the size of losses and the cost of lost profits as a result of hostilities. Timely assessment is a guarantee of war crimes. It helps to attract financial assistance from international financial organizations, foreign investors and is the basis for planning the necessary amount of funds for the restoration of lost property. In such circumstances, the issues of determining the methodology for assessing the damage caused and finding the best ways of post-war reconstruction of Ukraine and sources of reimbursement for its restoration are extremely important. Despite the huge total amount of funding, the experience of other countries shows that reconstruction takes many years, and a phased approach is critical. Assessing the level of damage to sectors of the economy is crucial for further planning and implementation of investments and is part of Ukraine's recovery plan. Keywords: structure of losses, loss assessment, compensation mechanism, post–war reconstruction.