Russia’s war in Ukraine has cost the Polish economy more than €100 billion, according to the latest estimates from Poland’s state-run statistics office. Statistics Poland announced on Wednesday that the country’s lost GDP value was estimated at 490.1 billion złoty (€113.4 billion) between 2022 – the year Russia launched its full-scale invasion of Ukraine – and 2025. The value includes estimated losses of 126 billion złoty (€29 billion) in the country’s corporate sector and 292.1 billion złoty (€67.5 billion) in the household sector, the Polish state news agency PAP reported. Paweł Kowal, chairman of the parliamentary foreign affairs committee, cited by PAP, said many countries are suffering “very significant losses” as a result of the war, largely due to the economic effects of international sanctions on Russia. Kowal said: “The fundamental issue today, from the perspective of the legal interests of countries like Poland… is to find a way to calculate these losses. “This does not mean we expect Russia to pay us these sums tomorrow, but we believe it is essential to establish such an account for… the post-war period and to demonstrate to others inclined to act against international law that methods exist to calculate costs not only for the country under attack,” he added. War led to inflation The head of Statistics Poland, Marek Cierpiał-Wolan, said conservative estimates indicate that one-third of inflation above the inflation target was caused by the escalation of the war in Ukraine, PAP reported. “High inflation caused a sharp rise in nominal wages, but the pace of real wage growth slowed after Russia’s invasion of Ukraine,” he said, adding that real wages fell by 2% in 2022. Cierpiał-Wolan also said that Moscow’s war in Ukraine led to additional Polish spending that otherwise would not have occurred, including tens of billions of euros in defense spending and aid for Ukraine. Statistics Poland said the economic shock caused by Russia’s war also led to an estimated 426.5 billion złoty (€98.7 billion) reduction in Poland’s gross value added, a measure of the value created through the production of goods and services, PAP reported.