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Forbes Ukraine: Russia spent $167 billion on full-scale war

by The Kyiv Independent news desk September 17, 2023 12:31 AM 2 min read
Russian military personnel arrive to participate in the Victory Day parade held at Moscow's Red Square on May 9, 2023. (Photo credit: KIRILL KUDRYAVTSEV/AFP via Getty Images)
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Russia spent $167 billion on the full-scale invasion, with Ukraine destroying around $34 billion worth of Russian equipment as of Aug. 24, Forbes reported, based on data published by the General Staff of Ukraine's Armed Forces.

This figure doesn't include Russia's defense spending that isn't tied to the war, nor Russia's economic losses as a result of multiple international sanctions.    

The greatest expenditures go towards army supply, which costs $51.3 billion. Military salaries cost $35.1 billion, and compensation to the families of the fallen - $21 billion.  

After the ruble depreciated against foreign currency, per-soldier budget expenses have gone down significantly from $200 per day to $120 per day, according to Forbes.

Russia’s southern mistake — Surovikin lines, Gerasimov tactics
The Zaporizhzhia front has been abuzz with news of Ukrainians breaking through Russia’s first defensive line and chiseling away at a breach in the second. “They’re widening that breach at this stage to enable the flow of armored vehicles and logistics so they can exploit it,” Michael Kofman,

This is because the lion's share of Russia's budget is filled with oil and gas revenues. Russia continues to supply hydrocarbons to other countries, including EU member states.  

Even so, this might not be enough to compensate for soaring expenses, Forbes reported, citing Reuters data.

According to Reuters, Russia spent almost 5.6 trillion rubles on defense in the first half of 2023, which already exceeds Russia's entire planned 2023 federal defense budget.

Moscow had to double the defense budget to nearly 10 trillion rubles ($105 billion) or a third of the entire 2023 budget.

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