April 20, 2024

AndronETalksNews

AndronETalksNews

Russia is spending surprisingly little on its war on Ukraine

Yahoo Finance 

By Phil Rosen

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  • Russia’s invasion of Ukraine has cost Moscow a small amount by historical standards, per the Economist.

  • Russia’s spending remains opaque, but its war budget is about 3% of GDP.

  • By comparison, the Soviet Union spent 61% of GDP in World War II.

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.

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