Russia's invasion of Ukraine has come at a steep geopolitical price and tens of thousands of people have died, but a new analysis by the Economist suggests the country is actually spending a small amount on the war effort.
The direct fiscal cost of the war — spending on soldiers and machines — is estimated to be about 3% of Russia's GDP, or roughly $67 billion a year, according to the report. That figure comes from a comparison of Moscow's pre-invasion spending forecasts for defense and security with what it actually spent.
By historical standards, the current war pales in comparison. The Soviet Union during World War II, for example, spent about 61% of GDP, and the US at the same time put about 50% of its GDP toward the conflict.
So it appears that the cost to the Western Allies far exceeds the cost to Russia.
Just a thought.
Just a thought.
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