The Financial Mark of 1 Year’s War

by Roman Cheplyk
Thursday, March 2, 2023
The Financial Mark of 1 Year’s War

Russia spent a third of its annual income on the war in Ukraine

Forbes reports that the Russian Federation allocated $115 billion for the last year of the war. This amount became 1/3 of the country’s total profit for 2021. In addition, the Kremlin lost 40-70% of the tank and ground power in the war and more than 140.000 soldiers.

As a result, the Russian occupiers failed to capture and hold any cities of regional significance in Ukraine. But even Russia’s financial loss in the war it started is most clearly demonstrated by the financial support that Ukraine has received since February 24, 2023.

The world has provided Ukraine with $65.3 billion of military support. This is more than half of the money that the Russian Federation spent on the destruction of Ukraine. 29 countries have joined the aid to Ukraine. The United States of America became the ally that allocated the most funds.

Against the background of such comparative information, it is obvious that Putin has no leadership in either the war or the world arena. In addition, the Ukrainian army has managed to become even stronger in a year, and the allies promise to increase financial support to Ukraine in 2024 several times.

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