Russian strikes destroy 2.1 million sq m of Ukraine warehouse space, retailer says
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Russian strikes have destroyed nearly half of Ukraine's modern warehouse space, reducing logistics capacity from about 5 million to 2.1 million square meters, EVA and VARUS co-owner Ruslan Shostak told the Financial Times. The losses will likely force companies to pass costs onto consumers, Dragon Capital chief economist Olena Bilan said. Ukraine's steel industry has also lost about 90 percent of output as key plants are knocked out or idle.
Key Facts
- Ukraine's total logistics space fell from about 5 million to 2.1 million square meters after Russian strikes, according to Ruslan Shostak.
- 900,000 square meters of warehouse space were destroyed in recent months, Shostak said.
- Dragon Capital chief economist Olena Bilan said companies hit by strikes will have no choice but to pass costs onto consumers.
- Metinvest CEO office head Oleksandr Vodoviz said key Ukrainian steel plants are out of service or idle, costing about 90 percent of steel output.
Warehouse Destruction
Ruslan Shostak, founder and co-owner of retail chains EVA and VARUS, told the Financial Times that Russian strikes have destroyed nearly half of Ukraine's modern warehouse space. Total logistics area in the country dropped from about 5 million square meters before the targeted strikes to 2.1 million square meters now. Shostak said 900,000 square meters of such space were destroyed in recent months.
Economic Fallout
Dragon Capital chief economist Olena Bilan said economic growth opportunities in Ukraine will be severely limited in 2026. She said companies affected by the strikes will have no choice but to pass costs onto consumers.
Steel Industry Losses
Metinvest CEO office head Oleksandr Vodoviz said key Ukrainian steel plants are either out of service or idle due to Russian strikes. He said the losses amount to about 90 percent of steel output.
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