WASHINGTON: Russia's invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, a report released Friday by the World Bank, Ukrainian government and European Commission shows. It said Ukraine had also suffered $252 billion in losses through disruptions to its economic flows and production, as well as extra expenses linked to the war, while the displacement of one-third of all Ukrainians was expected to jack up its poverty rate to 21% from just 2% before the war.

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