Vladimir Putin facing major challenge as war in Ukraine has cost Russia this outrageous amount

New calculations carried out by the General Staff of the Armed Forces of Ukraine have shown the outrageous amount that Russia has spent in its war against Ukraine. The estimation is based on data collected between 24 February 2022 and 24 August 2023, and was published in Forbes in Ukraine, according to Express.

In total, Russia is believed to have spent a whopping £134 billion on the conflict, not including defense expenses or the economic losses suffered as a result of the war.

The cost breakdown of Russia’s war

So far, £27 billion worth of equipment has reportedly been destroyed. Indeed, just last month a former Russian colonel humiliated Vladimir Putin by revealing that half of the Russian army’s equipment is unusable. Colonel Sergey Gulyaev explained that the fighting forces - the airforce, infantry and navy - had only received 421 pieces of new equipment between them in 2021.

The calculations suggest that Russia is spending £242 million per day in its war efforts. Funding military operations is one of the major expenses, costing the country about £41bn, while salaries for servicemen add up to around £28bn.

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The devaluation of the ruble

After the rapid devaluation of the ruble, the budget for the Russian armed forces decreased significantly. With this, the daily cost per serviceman has fallen from around £160 to £96 while compensation for the family of a soldier killed in the war has gone from £89,000 to £52,000.

These figures can be seen in stark comparison with Vladimir Putin’s personal expenses. Last week, the Russian President’s former bodyguard revealed details about his secret palace in Crimea, calling it a ‘fantasy place’. This is only one of Putin’s private residences which he flits between in order to avoid anyone knowing of his exact whereabouts at any given time.

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Sources used:

Express: Putin crisis as Russia has spent £134bn on Ukraine war with £27bn of equipment destroyed

Forbes:За півтора року Росія витратила на війну з Україною близько $167,3 млрд. З них тільки техніки знищили ЗСУ на понад $34 млрд.