What is Putin shelling out to wage the war against Ukraine? Not economic losses at home from the sanctions but out of pockets costs.
Researchers decided to look into this issue. A new study on March 2 by the Centre for Economic Recovery, consulting firm Civitta and EasyBusiness has delivered a rapid assessment of the costs of the war for the Russian economy, finding that – even according to the most conservative estimates – Russia is bleeding money.
Thr scale of the mobilization – including its logistics, personnel, ammunition, fuel, rocket launches, and so on – will cost more money each day. Plus Putin is adding another 10 Divisions. As a result, according to the researchers, the daily cost of war for Russia currently is “likely to exceed €20 billion” as the invasion scales.
Let’s do the math. €20 billion per day. €140 billion per week. €600 billion per month. Very soon the war will run into real money.
Think of the opportunity costs. What could €600 billion have done in Russia for infrastructure, education, medical care, jobs, etc.
Research: ‘Ukraine war costs Russian military €20 billion per day’
No comments:
Post a Comment