The Minister of Economy of Ukraine called losses from air raids

In an hour of air raid, Ukraine loses millions of dollars. The losses were named by the country's Minister of Economy Alexander Kravchenko, as quoted by The Guardian.

A former McKinsey executive who joined the government this summer said the shelling has brought much of the economy to a periodic halt as workers are sent to shelters and sirens sound for up to 10 hours a day. Every hour of downtime while people sit in bunkers costs the economy $45 million.

Kyiv is looking for ways to keep its economy going in the face of intensifying Russian bombing and is looking for compromises - to reduce costs, the government recently introduced a new two-tier warning system designed to keep businesses open during lengthy air raids.

The "red" alert level warns of a missile threat and requires people to take shelter in a safe place, while the "yellow" alert level is used for drone threats and allows many businesses to remain open. Thanks to this, more than half of enterprises continue to operate, although they are in danger.

According to Kravchenko, in 2026, the attacks caused damage to fixed assets amounting to about $10 billion. Targets include steel mills, warehouses, logistics infrastructure and, most recently, data centers. In addition, Russia has effectively blocked the Black Sea ports of Ukraine, through which the bulk of Ukrainian exports were carried out before the blockade.