Rebuilding Gaza to require $71.5 bln — UN Conference on Trade and Development

Rebuilding Gaza to require $71.5 bln — UN Conference on Trade and Development According to the report, 92% of Gaza’s economic assets have been damaged or destroyed since October 2023GENEVA, September 24. /TASS/. The UN Conference on Trade and Development (UNCTAD) has estimated the cost of rebuilding the Gaza Strip at $71.5 billion, according to its new report. According to the report, 92% of Gaza’s economic assets have been damaged or destroyed since October 2023. Gross domestic product per capita stood at $212 in 2025, or about $0.58 per person per day, which is 17% of the 2022 level. The unemployment rate reached 78%. Gaza’s share of Palestinian gross domestic product fell from 17.4% to less than 4%. All productive sectors remain well below their 2022 levels. Agriculture and industry are down 94%, while construction is down 99%. According to estimates by the World Bank, the European Union and the United Nations, physical damage to infrastructure amounts to $35.2 billion, while economic and social losses total $22.7 billion. Reconstruction needs stand at $71.5 billion and may increase. UNCTAD identified three main priorities: transferring withheld Palestinian revenues, protecting the banking system and aligning reconstruction support with the scale of the damage, the report said. TagsGaza StripUS ‘security guarantees’ may leave Yerevan disappointed — Russian Security CouncilDeputy Secretary of the Russian Security Council, Army General Oleg Salyukov noted that the events related to the transfer of Nagorno-Karabakh under Azerbaijan’s jurisdiction were largely the result of the policy pursued by the Armenian leadership that came to power as a result of the so-called Velvet Revolution of 2018Read moreRussian Defense Ministry reports on Ukrainian army encirclement, losses near DobropolyeThe Dobropolye direction "is one of the key to achieving results in the complete liberation of Donbass and is of fundamental importance for conducting successful offensive operations of the United Group of Forces"Read moreLondon may become de jure party to Ukraine conflict — MFASergey Ryabkov pointed out that Moscow's position on the matter had been set out in detail in a note recently handed to the British charge d'affaires in RussiaRead moreLimited Ukraine ceasefires cannot lead to settlement — RubioThe US Secretary of State believes that it still potentially alleviates some of the global pressuresRead moreUS invites President Putin to G20 Summit in December in Miami — RubioThe US Secretary of State believes that it is an opportunity for Vladimir Putin to engage not just with the US President but with other world leaders as wellRead moreRutte states NATO allies ready to provide security guarantees to KievNATO secretary general said the alliance had agreed on a package of guarantees in January in Paris under the leadership of French President Emmanuel MacronRead moreLavrov discusses explosive situation in Persian Gulf with Arab League chiefThe sides also discussed the crisis situations in the area of the Palestinian-Israeli conflict, Lebanon and SyriaRead moreChina, US need to pave way for peaceful coexistence — XiThe Chinese president said he hopes "to have an in-depth exchange of views with President Trump on key issues concerning our countries and the global situation"Read moreRussian, Algerian foreign ministers discuss steps to strengthen partnershipThe officials also exchanged views on current regional issuesRead moreRussian finance ministry has submitted budget package to government: what is knownThe budget’s strategic priority is to provide the financial backing for Russia’s defense and security needs, as well as social support for participants of the special military operation and their familiesRead moreUS envoy Whitaker dismisses claims of Russia’s alleged conflict plans against NATOThe US Permanent Representative to NATO urged against overreacting to drone incidents in European countriesRead moreTrump greets Xi at aircraft stairs after his arrival in USThe Chinese Foreign Ministry previously said the leader’s state visit to the US will run from September 23 to 25Read moreNew projects to export gas to China being actively advanced — Russian MFARussian Deputy Foreign Minister Andrey Rudenko said that Russia and China have long developed robust energy cooperation that is becoming increasingly stronger each yearRead morePakistan Air Force strikes 10 drone launch, storage sites in Afghanistan — ministerAttaullah Tarar said that Afghan drones entered Pakistani airspace on WednesdayRead moreEU Council approves nearly €3 billion payment for Ukraine — statementThe EU Council noted that "nearly €800 million of this will be provided for the first time from the Ukraine Support Loan"Read moreNorth Korea’s status as nuclear state to remain irreversible — news agencyForeign Minister Choe Son Hui commented on the results of a trilateral meeting between the top diplomats of the US, Japan and South Korea, as cited by the Korean Central News AgencyRead moreRussia says to seek investigation into US violations of UN obligations"Unfortunately, the current secretary-general of the world organization consistently evades implementing these resolutions and the relevant provisions of the 1947 Agreement on the Central Functions of the UN," Kirill Logvinov saidRead moreMicrosoft ends cooperation with ICC over US sanctionsLead counsel at the ICC Geert-Jan Alexander Knoops said that the move made the work of lawyers involved in court proceedings more difficultRead moreRussian air defenses down 35 Ukrainian drones during daytimeOn-duty air defense forces intercepted Ukrainian UAVs over seven Russian regionsRead moreNew US sanctions not to affect India’s oil purchases from Russia — expertIndia will negotiate with the US from a position of strength and that strength will see that President Trump gives waiver to India, Professor at the School of International Relations at Nalanda University Arvind Kumar emphasizedRead moreOnly Russia acting openly in talks on Ukraine — DPR headOnly Russia is acting consistently, Denis Pushilin saidRead moreUkraine talks should have clear result, DPR head saysDenis Pushilin added that if there is no constructive dialogue, the issue should continue to be resolved on the battlefield, which is "undesirable"Read moreLavrov describes UN General Assembly as key forum for dialogueThe Russian foreign minister and President of the 81th Session of the UN General Assembly Khalilur Rahman "emphasized the need to improve the political climate and restore a mutually respectful dialogue within the framework of this body"Read moreNATO recon aircraft spotted operating over Black Sea since morningA NATO Bombardier ARTEMIS II reconnaissance aircraft took off from RomaniaRead morePutin's G20 invitation, draft budget top Kremlin briefing agendaRussia appreciates the US invitation for Vladimir Putin to attend the G20 summit in Miami, Dmitry Peskov stressedRead moreEx-Ukrainian soldiers fighting alongside Russians capture group of Ukrainian servicemenThe Maxim Krivonos Battalion was formed three years ago from former Ukrainian servicemenRead moreRussia grateful for Putin invitation to attend G20 summit in US — KremlinSpokesman Dmitry Peskov added that Moscow will discuss "the possibility of accepting the invitation" with the American sideRead moreRussia’s Uragan system destroys Ukrainian Bogdana howitzer near Krasny LimanRussian reconnaissance UAV captured the strike, including the Bogdana itself, a large number of enemy personnel and vehiclesRead moreLavrov, Lebanese prime minister discuss developments in Middle EastRussia reaffirmed its principled position in support of the unity, territorial integrity and sovereignty of this friendly countryRead moreRussia’s Bryansk Automobile Plant develops armored tractor with machine gun turretAccording to the patent description, the 4x4 tractor truck is designed to protect against attacks from the air or groundRead moreRussian government approve new three-year budget draftOne of the key priorities of the draft budget is fulfillment of social obligationsRead moreProspects for CTBT’s entry into force unclear, primarily due to US — diplomat"Despite the fact that 179 of the 188 signatory states have ratified the treaty, the prospects for the CTBT’s entry into force remain just as unclear," Maria Zakharova saidRead moreRussia to respond in kind if US conducts full-scale nuclear tests — MFARussian Foreign Ministry Spokeswoman Maria Zakharova stressed that Moscow will keep following this approach consistentlyRead moreLavrov jokes about Swiss foreign minister being fired over photo with himThe sides discussed preparations for the ministerial meeting in Lugano, Switzerland, on December 3-4 this yearRead moreLavrov begins talks with OSCE secretary-generalThe meeting is held behind closed doors at the UN HeadquartersRead moreUkraine loses nearly 1,400 troops in special op zone over past 24 hours — Defense MinistryRussian Battlegroup North units took control over the Krasny Yar and Potikhonovo settlements in the Kharkov Region in the course of the special military operation over the past dayRead moreUpcoming winter in Ukraine could trigger irreversible processes, expert warnsOleg Popenko said that preparations for the heating season had completely failedRead moreRussia’s Lancet systems, strike UAVs destroy Ukraine’s foreign artillery systemsReconnaissance teams detected a camouflaged M109 Paladin self-propelled howitzer and two Bogdan self-propelled howitzersRead moreIN BRIEF: Key statements from Putin’s meeting with governmentThe head of state urged officials to explain to the public in greater detail what the digital ruble is and what advantages it offersRead moreQuest for lasting peace, but no pauses in special operation — Lavrov’s remarksUkraine could have remained within the borders of 1991, if Europeans hadn’t engaged in fraud, the minister addedRead moreDamaged oil depot in Rostov Region, fire at Krasnodar Region facility: drone attacksThere were no casualtiesRead moreOver 400 ships pass through Bab el-Mandeb in 10 days, Houthis sayThe Ministry of Transport and Public Works in the Houthi-formed government said that navigation "is proceeding smoothly and safely for international commercial vessels, with the exception of Saudi Arabian ships"Read moreFinnish politician says NATO should return to its 1990s borders to reach peace in Ukraine"The west will re-arm Ukraine if any peace deal were made," Armando Mema saidRead moreLavrov meets with Rubio on UN General Assembly sidelinesDuring the meeting, the Russian top diplomat pointed to the need to mend Moscow-Washington relationsRead moreIran-US conflict geography may expand to Indian Ocean, Khamenei adviser saysRahim Safavi said that Iran’s armed forces are thoroughly working through possible scenariosRead moreUpper house official calls Kiev’s requests for talks facade for respite amid defeatNatalya Nikonorova called Russia’s decision not to allow Kiev such a pause fully justifiedRead moreDifficulties with digital ruble, inflation, price stability: statements by NabiullinaAccording to the Central Bank governor, the regulator sees a rise in demand for cash, but its share has risen only slightly and the situation is stabilizingRead moreUS, China to extend trade de-escalation arrangements — US Treasury secretaryAccording to Scott Bessent, the extension of the Busan Agreement will remain in force through January 10 next year Read moreFrench actress Marina Vlady died at age of 88From 1970 to 1980, Marina Vlady was married to the iconic Russian poet and bard Vladimir VysotskyRead moreIN BRIEF: Foiling official's motorcade bombing, Kiev agent detention in CrimeaMoscow resident was a member of a terrorist organization, while 18-year-old Kerch resident was detained on suspicion of treasonRead moreRussia’s Defense Ministry reports use of Tsirkon missiles in nighttime strike on UkraineThe ministry compared the massive strike to the Ninth WaveRead moreSending IAEA inspectors to Iran is risky due to US attacks — Russian envoy in ViennaMikhail Ulyanov criticized the draft resolution on Iran, describing it as "completely ill-conceived" and "useless"Read moreUS journalist who visited Donbass avoids returning home due to pressure from authoritiesSarah Bils added that she had moved to Serbia, where she had been living for a month and continued covering geopolitical developmentsRead moreEstonian MFA calls talk of Russian attack on NATO unfoundedEstonian Foreign Ministry Secretary General Jonatan Vseviov urged other NATO countries to "calm down"Read moreRussian Defense Ministry tests smoke shell surpassing its French counterpartThe invention can be used in aerosol-generating shells designed to create smoke screens, obscuring fire control and optical systems, command and observation posts, and optoelectronic reconnaissance, target acquisitionRead moreUAC delivers batch of Su-57 fighter jets in new technical configuration to militaryThe aircraft underwent a full cycle of factory testsRead moreUS chooses not to join anti-Russian statement on Ukraine at UNThe statement was read out by EU foreign policy chief Kaja Kallas and Ukrainian Foreign Minister Andrey SibigaRead morePress review: Trump, Zelensky signal Russia deal interest as Moscow eyes fresh US dialogueTop stories from the Russian press on Wednesday, September 23rdRead moreRussia calls for revision of UNSC sanctions against North Korea — deputy foreign ministerAndrey Rudenko emphasized that the UN Resolution 1718 had proven entirely ineffective and was used by Western countries exclusively to economically strangle the DPRKRead morePress review: US, NATO hamper nuclear dialogue as US gains partial control of GreenlandTop stories from the Russian press on Thursday, September 24thRead moreUS fears conflict to ‘metastasize’ beyond Ukraine — RubioAccording to the US State Secretary, the American side raises this issue in multiple meetings in multiple countriesRead moreResidents of town near London may hold referendum on leaving UKThe town is Crowborough, which has a population of nearly 22,000, The Daily Telegraph reportedRead moreLavrov, Grossi discuss Israel’s, US’ strikes on Iran’s peaceful nukes — Foreign MinistryThe sides also addressed other issues on the UN agenda that are of mutual interestRead moreTrump administration favors continued dialogue with Russia — presidential envoyKirill Dmitriev commented on a statement by US Secretary of State Marco Rubio that the US administration had invited Russian President Vladimir Putin to attend the December G20 summit near MiamiRead moreZelensky arrives in US hoping to push for halt in strikes — expertAlexander Stepanov of the Russian Presidential Academy of National Economy and Public Administration says the Kiev regime urgently needs a respite rather than seeking full-scale peace talksRead moreLavrov holds meeting of CSTO foreign ministers on sidelines of UN General AssemblyThe sides stressed "the importance of further strengthening cooperation between the CSTO and the UN"Read moreRussian air defenses show unmatched efficiency repelling Sept 20 attack on Moscow — expertIgor Potapov emphasized that this level of effectiveness was achieved through the coordinated performance of the Russian air defense forces, the interaction between the regional and Defense Ministry’s capabilitiesRead moreEU hides Russia's denials of plans to attack Europe from public — diplomatRussian Permanent Representative to OSCE Dmitry Polyansky recalled that Russian media had long been blocked in EU countriesRead moreRussia distances itself from two items on UN General Assembly agendaThey concern the 'temporarily occupied territories of Ukraine' and the 'international residual mechanism for criminal tribunals'"Read moreRussia’s industrial output flat in January-August 2026 — statistics serviceThe highest year-on-year growth rates were recorded in the manufacture of transport equipment, including aircraft and shipbuilding in the reporting periodRead moreLavrov, Egyptian foreign minister discuss Persian Gulf crisis — Russian MFAThe sides also discussed the need to maintain the strong momentum of political dialogue and expand trade and economic cooperationRead moreUkrainian army lacks forces to cover front line in Donbass — former Ukrainian soldierBorzy specified that, despite attempts to maintain the defensive line using drones, the Ukrainian armed forces continue to lose groundRead moreRussian Armed Forces hit logistical, storage terminals used to support Ukrainian armyThe Russian Armed Forces also struck a dry cargo ship sailing to deliver military supplies for the Ukrainian army, the Defense Ministry notedRead moreTrump keeps Kiev concessions secret, says deal with Russia comingThe meeting with Zelensky took place on the sidelines of the 81st session of the UN General AssemblyRead moreErdogan tells Zelensky attacks on merchant ships in Black Sea 'unacceptable'The Turkish president emphasized that steps must be taken to ensure the safety of shipping in the Black SeaRead moreFACTBOX: Ukrainian national carries out attack at abbey in PolandOne person died of his woundsRead moreEU interfered in State Duma elections, Russian foreign intelligence chief saysAccording to Sergey Naryshkin, the European Commission prepared a document in advance alleging that the elections were flawedRead moreLiberation of Dobropolye to disrupt Ukrainian forces’ logistics in Kramatorsk — DPR head"The main supply route to the Kramatorsk-Slavyansk metropolitan area from the Dnepropetrovsk Region runs through Dobropolye," Denis Pushilin saidRead moreKiev uses high-ranking foreign guests as ‘human shields’ — Russian delegate in ViennaYuliya Zhdanova recalled that the Moscow had repeatedly warned foreign nationals, including diplomats and their families, of the need to leave Kiev due to the beginning of systematic strikes on Ukrainian military-industrial complex facilities, command and decision-making centersRead moreKremlin calls EU transfer of 8 bln euros in Russian asset proceeds to Ukraine theftAccording to Dmitry Peskov, Moscow have repeatedly given our assessment of these actionsRead moreJapan tries to break free from post-war order — Chinese militaryZhang Bin, a spokesperson for China’s Ministry of National Defense, said that Beijing strongly urges Japan to provide a clear explanation for its accelerating "remilitarization" effortsRead moreNine killed in incident during Kazakh naval exercise in Caspian Sea — Defense MinistryAccording to preliminary information, 19 servicemen were swept out to seaRead moreWestern-backed Kiev making attacks on nuclear facilities 'new norm' — Russian envoyMikhail Ulyanov pointed to a "very severe decline" in the WestRead moreRussia reserves right to proportionate response to NATO, EU actions — diplomatAccording to Yulia Zhdanova, any military facilities of NATO and EU nations in Ukraine that are used to strike Russian territory are legitimate military targets for the countryRead moreUkrainian delegation holds talks with US envoys on UNGA sidelinesAccording to Vladimir Zelensky, the talks took place after his meeting with TrumpRead moreFrance ready to send troops to Ukraine immediately following ceasefire — radio reportThe plan is to deploy French troops away from the front line at strategically important sitesRead moreLavrov, Syrian foreign minister discuss unresolved crises around republic's bordersThe officials agreed to maintain contacts at various levelsRead moreLavrov voices support for Cuba amid US blockade at meeting with country’s top diplomatSergey Lavrov reaffirmed unwavering support for Havana's legitimate demand for an immediate and complete end to the US trade, economic and financial blockadeRead moreUkrainian forces lose about 1,290 troops in special op zone in past day — Defense MinistryRussian units took control over Buzovo and Khizhnyakovo settlements in the Kharkov Region and Svetlaya Dolina in the Zaporozhye RegionRead moreRussia not to pause special military operation for talks in any format — LavrovThe Russian top diplomat stressed that Europe wanted to gain a respite and replenish the depleted military arsenals of the Kiev regimeRead moreIN BRIEF: Russia's massive strike on defense facilities, logistics centers in Kiev, OdessaThe Defense Ministry specified that the Russian Armed Forces struck an industrial facility in Kiev that manufactured components for long-and medium-range UAVs and prepared ground robotic systems for deploymentRead moreWitkoff, Kushner confirm US’ interest in resolving Ukrainian conflict — LavrovSteve Witkoff and Jared Kushner visited Moscow on September 5Read moreCanada prepares for possibility of military invasion by US — prime ministerMark Carney told The New York Times that the country's authorities had spent the past year on the preparationsRead moreMany German, US, French mercenaries fighting for Ukrainian side — DPR headAccording to Denis Pushilin, personnel shortages, as well as the foreigners’ own need to earn money are the reason for foreigners’ fighting alongside the Ukrainian armed forcesRead moreIf Europeans hadn’t cheated, Ukraine could have remained within 1991 borders — LavrovThe Russian top diplomat noted that the Europeans had failed to suppress their age-old instinct to lie and try to achieve their goals by criminal meansRead morePolish foreign minister calls naming new US base after Trump humiliatingRadoslaw Sikorski said that he would have rather named the new military base "after Ronald Reagan," the 40th president of the United StatesRead moreRussia poses no threat to nuclear facilities in Ukraine — envoyMikhail Ulyanov highlighted that, unlike Ukraine, Russia had never carried out any attacks on nuclear facilitiesRead moreRussian diplomat sees alarming trends of crisis nature within IAEAMikhail Ulyanov specified that the organization's General Conference was unable to agree on key technical resolutions for the second consecutive yearRead moreRussia views any military cargo for Kiev as legitimate target — diplomatMaria Zakharova added that Vladimir Zelensky is "touring the world in search of support"Read moreRussian diplomat slams Trump’s instructions on US nuclear tests as threat to moratoriumWhenever Washington accuses other countries of activity allegedly incompatible with the CTBT, it means that the Americans are once again looking to withdraw from their international commitments, Maria Zakharova notedRead moreRussian envoy comments on Zelensky’s fury over Duma polls, West’s involvement in conflictDmitry Polyansky noted that Kiev attempted to disrupt the elections through terror against the civilian populationRead more