Espreso. Global

Russia spends $167.3 billion on full-scale war against Ukraine - Forbes

16 September, 2023 Saturday
19:45

According to Forbes, one day of the full-scale war on Ukraine costs Russia $300 million. Russia has spent more than $167 billion over the past year and a half

This was reported by Forbes.

Russia spends about $300 million on the war with Ukraine daily. In January-June 2023, more was spent than it planned to expend for the entire year 2023. Despite this, Russia is doubling its military budget, and the cost of a Russian soldier is getting lower.

According to Forbes' calculations based on data from the General Staff of the Armed Forces of Ukraine, Russia's direct military spending and the cost of lost equipment over the 18 months of the war amounted to about $167.3 billion, excluding fixed defense spending.

The largest items of expenditure are: support for military operations ($51.3 billion), military salaries ($35.1 billion), compensation to the families of the dead ($25.6 billion) and wounded ($21 billion), and the cost of destroyed equipment ($34 billion).

Salaries for soldiers of the Russian Armed Forces

After the rapid fall of the ruble, the "cost" of a Russian soldier for the Russian budget has decreased significantly. As of 2022, the total payments per soldier amounted to about $200 per day, and now it is $120 per day. 

It is noted that in the first six months of 2023 alone, Russia spent 5.59 trillion rubles on defense, which is 600 billion rubles more than was budgeted for the entire year. This forced the Russian government to double the planned federal budget spending on defense for 2023, increasing it to 9.7 trillion rubles. 

The total budget of the Russian Federation for 2023 is planned at 29 trillion rubles. This means that 33% of the federal budget will be spent on army supplies. 

Also, with the fall of the ruble, the cost of compensation to the military in US dollars decreases. If at the exchange rate of 60 rubles/dollar, the cost of compensation to the family of a deceased soldier in Russia was about $110,000, now it is only about $65,000. The amount of compensation for the wounded has correspondingly decreased from $45,000 to $27,000.

According to the General Staff of the Armed Forces of Ukraine, the level of Russian losses in recent months has remained much higher than last year, and Russia is therefore forced to spend more on compensation.

Missiles, shells, and ammunition

The main item of Russian expenditure on the war in Ukraine is ammunition and military supplies for the army. The total cost of these expenses is $51.34 billion.

It is reported that last year Russian artillery used up to 50,000 shells per day, but now the rate of use has significantly decreased to about 10,000 shells per day. 

The average price of a Soviet-caliber shell is about $1,000. Thus, Russia spent more than $9 billion on Russian artillery alone during the year and a half of the war. 

Obviously, Russia was not prepared for such a long war and its stockpile of shells and production capabilities do not allow it to meet its own needs in the long term, forcing it to sign a contract for the supply of ammunition with North Korea.

Russia has also increased the intensity of its missile attacks on Ukraine. While in March-April, Russia fired 95 long-range missiles at Ukraine, in May it launched 243 missiles. In August - 126.  

The total cost of missiles fired at Ukraine has already reached more than $21.1 billion.

Destroyed equipment

The largest enemy losses in the war against Ukraine in terms of equipment are tanks and aircraft. 

Russia lost 315 combat aircraft with an average cost of $18.8 million and 316 helicopters with an average cost of $10.4 million. 

During the three months of the counteroffensive, the Ukrainian military destroyed nearly 2,000 artillery systems. This is the same number as for the entire last year. In total, Russia has already lost $5 billion worth of artillery and MLRS.

Total losses of Russian equipment in monetary terms amount to more than $34 billion for the period from February 24, 2022 to August 24, 2023.

Tags:
Read also:
  • News
2024, Sunday
3 March
22:17
OPINION
Putin may attempt to test NATO's resolve
21:44
Exclusive
Russia considers Georgia its region - Ukrainian National Guard Reserve Major Hetman on new threats
21:15
New Russian Special Forces intensify search for Ukrainian underground in occupied territories
20:45
Russian forces bomb Kurakhove, wounding 16 civilians
20:14
OPINION
How genocide continues
19:42
Russian forces deploy chemical munitions 9 times in Tavria area in 24 hours
19:14
Russian disinformation: Debunking claims about Ukrainian civil servants' pre-offensive "evacuation" from Kherson
18:47
Interview
Radio Liberty CEO Steve Сapus on freedom of speech in Ukraine and how journalism can survive in post-truth era
18:16
Ukraine to use artificial intelligence in demining efforts
17:43
Updated
Russian drone attack on Odesa kills 10, including three children
17:16
Russia suffers record daily losses in February: British intelligence on implications
16:43
Avdiivka front stabilizes amid local successes for Russia
16:14
Interview
Ukraine, Russia face critical moment on frontline — Colonel Grant
15:45
Government allocates UAH 1.3 billion for Zaporizhzhia direction fortifications
15:16
OPINION
There are quite enough Chamberlains and Deladiers today
14:46
Exclusive
Why Russia is doubling down on Avdiivka direction: Analysis by military expert Popovych
14:15
Exclusive
Map of fighting in Bakhmut sector
Defending Chasiv Yar: Ukrainian Armed Forces take measures to thwart Russian capture
13:45
Russia claims it repelled drone attack, downing 38 drones over Crimea
13:17
Russia risks losing aircraft to advance in Avdiivka – ISW report
12:47
Ukraine braces for new Kremlin disinformation campaign against Zelenskyy - Bloomberg
11:56
Interview
Chances that Biden administration will agree with Macron's statements are zero — Ambassador Bolton
11:26
Russia loses aircraft, 35 artillery systems, and 1,160 soldiers in one day – General Staff
10:56
Russian troops attack Myrnohrad with missiles at night, killing civilians
2024, Saturday
2 March
20:30
Aircraft carrier for drones to be built in Black Sea by Portugal’s request
20:11
Exclusive
Putin breaks golden rule of intelligence: expert on publication of Bundeswehr talks about Taurus strike on Crimea bridge
19:55
Exclusive
Crimea bridge is primary strategic target to be destroyed - British Colonel Grant
19:39
Ukraine shoots down another Russian Su-34 fighter jet
19:24
Ukrainian army targets 336 Russian soldiers and 258 UAVs in Tavria sector
19:06
Russia signals readiness to hand over bodies of POWs from IL-76: Ukrainian military intelligence responds
18:26
"Better give Ukraine weapons than send troops" - Polish Defense Minister
17:58
Exclusive
Kremlin played it safe with its main opponent - Feygin on Navalny's murder
17:30
Exclusive
Putin perceives West as very weak — British Colonel Grant
16:56
Bedbugs in Paris: Russian agents spread panic, link it to Ukrainian refugees
16:29
Exclusive
Russia sends battalion for assaults every day - Ukrainian military on fighting in Kreminna sector
16:00
Substation supplying three defense plants explodes in Yekaterinburg, Russia
15:47
Updated
Russian drones attack Kharkiv and Odesa, killing at least 5, including child
15:35
Russia announces test of Yars ballistic missile to scare West, force it to cut Ukraine aid - ISW
15:02
Exclusive
Operation on Tendra Spit, where Ukrainian spec ops soldiers died, had no strategic or tactical value - Major General Kryvonos
14:33
Review
Map of fighting in Bakhmut sector
NATO in Ukraine. Repulsing attacks in Zaporizhzhia region, situation in Avdiivka. Weekly military results 
13:55
Review
Ukraine’s demographic apocalypse: millions of refugees, war losses and how to address population challenges
More news