Research: ‘Ukraine war costs Russian military €20B per day’
This figure is transparently nonsensical.<p>Russia&#x27;s 2019 military spend was 65 billion USD, or 58.6 billion EUR. Clearly they are not blowing through an entire year&#x27;s defense budget in three days (that would be over 100x the usual rate of spend!).<p>Or another sanity-check figure: Russia&#x27;s entire 2020 GDP would pay for only 67 days of war at this run-rate. In other words, the country is using over 500% of its productive output on the war (a neat trick without any imports!)<p>For reference, in 1940 the United States spent 1.64% of its GDP on defense. In 1945 it spent 37.19%.<p>I&#x27;m as hopeful as anyone for Ukraine to survive this awful war with her sovereignty intact, but we must be realistic.