Russia already spent a quarter of its income last year on military operations. At the same time, the cost of war spending for the Russian Federation doubled in the fall, while budget revenues continued to decline.
In nine months of full-scale war against Ukraine, Russia has spent $82 billion, a quarter of its annual budget. On Thursday, November 24, according to Forbes.
It is noted that this estimate includes the direct costs needed to support military operations. But this does not include robust defense spending or economic losses.
“In 2021, all Russian budget revenues will reach $340 billion. That is, the Russian Federation has already spent a quarter of last year’s revenues on military operations. If in the spring such expenses may seem quite acceptable, since the Russian Federation received about 1 billion euros per day for oil and gas “, now the situation is different. The revenues of the federal budget of the Russian Federation from the export of oil and gas are decreasing. Russia has already lost most of the European gas market after the suspension of supplies through Nord Stream. Sanctions against Russian oil will begin in December,” the publication said.
At the same time, the amount of war spending for the Russian Federation doubled in the fall. Now the war requires a minimum of $10 billion a month.
The largest items of expenditure were the provision of the army (28.7 billion), lost equipment (20.8 billion) and military salaries (15.6 billion).
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By the way, in July Forbes reported that every day the aggressor country spends about $400 million on military operations in Ukraine.
Recall that last week, British intelligence reported that Russia’s military spending in 2023 will increase by 40%.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.