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Forbes estimates Russia has spent $82 billion on war with Ukraine since Feb. 24.

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During nine months of its full-scale invasion of Ukraine, Russia has spent $82 billion on war, which is a quarter of its annual budget, according to Forbes.

They calculated that Russia used 10,000 to 50,000 shells per day in the war, and the average price of a Soviet-caliber shell is about $1,000. It brings Russia's spending to more than $5.5 billion on artillery supplies alone. Russia has also fired over 4,000 missiles into Ukraine. The average cost of one Russian missile is $3 million.

Russia has also lost 278 combat aircraft, with an average cost of $18 million, and 261 helicopters, with an average cost of $10.4 million. The total losses of Russian aviation amount to $8 billion.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Along the Dnipro River in southern Ukraine, the front line has remained largely static, but fighting continues every day. The Kyiv Independent’s Francis Farrell and Olena Zashko embedded with Ukraine’s forces in Kherson Oblast, following FPV drone and night bomber teams tasked with defending river islands.

Earlier on Jan. 1, Volodymyr Saldo, a Ukrainian politician turned top Russian proxy head of Russian-occupied parts of Kherson Oblast, accused Kyiv of launching three drones at a hotel and a cafe on the Black Sea coast. Saldo claimed that the alleged New Year drone strike on the village of Khorly killed 24 people, including a child, and wounded more than 50.

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