Ukraine has some of the biggest potential shale gas reserves in Europe. After months of fighting, the country’s industrial Donbas region as well as the economy in general are severely damaged and will take years to recover. The role of energy resources in this war might be underestimated.
According to the U.N., estimated losses from infrastructure destruction in the Donbas region of Ukraine are $440 million since the armed conflict there started. Every day the debt is increasing, and the country is being pulled into economic and humanitarian disaster. It will take years until full recovery is possible. But until the fighting stops, it’s too early to talk about recovery.