Judas priest, what’re the monetary losses, just in equipment alone?
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That's a very good point, especially since it seems the Russian economy is beginning to buckle under the pressure.
Edit: Corrected buckle.
Russian economy is beginning to ~~bugle~~ buckle under the pressure.
Otherwise that would be interesting to hear:
bugle, verb: 1. to sound a bugle; 2. to utter the characteristic rutting call of the bull elk
Joking aside, the Russian economy is effectively now a pure war economy. About 40% of government spending in 2023 was military. Not much else you can do, then. Economic growth, infrastructure, social security, whatever else the government spends money, is subordinate to the war efforts.
It is clear that that is what Ukraine currently has to do unless it wants to stop existing (with military spending having reached 44% of GPD, although most of it hasn't been paid for by Ukraine), but for Russia it is just absolutely bonkers.
the Russian economy is effectively now a pure war economy.
Yes, and it's been going on for more than a year now. We already heard about huge deficits in the spring of this year.
I have been "analyzing" a bit on the Russian economy here from time to time.
In short they are burning through their war chest super fast. It should be emptying out around year end.
We just saw yesterday, their national bank is increasing interest rate from 13 to 15%, and simultaneously state that it will NOT be enough to keep inflation under the target of 4%.
We've heard that the economy suffer from worker shortage, and behaves like a strange limbo between an overheating economy, at the same time it's actually slowing down.
We are nearing the time where the impact will really be felt, both in government shortage of money, and in private economies.
The hike in interest rate now, especially interesting since EU has stated they will not increase their 4% interest rate now, as inflation is now falling.
So the Russian propaganda that EU is only hurting themselves, and it doesn't impact Russia, is clearly falling apart now.
Depression of the work force due to casualties has to be a factor as well. Putin’s pigheadedness is costing Russia in more ways than one and likely for far longer than he anticipated.
Today 740 Russian families can celebrate their loved ones are finally coming home.
Does that mean 740 families who are less keen on this war?
Probably not, because Russia will just deny the losses, and continue to claim everything is going according to plan.