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War against Ukraine is becoming more and more expensive for Moscow

Jun 30, 2023

Moscow is forced to increase military spending in its budget. Additional resources are needed for defense measures in the regions bordering Ukraine.

This was reported by the UK Ministry of Defense on Twitter.

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n a June 2023 report, the Stockholm International Peace Research Institute (SIPRI) assessed that Russia’s military spending budget for 2023 is around 6.6 trillion rubles (USD $85.8bn). This equates to about 4.4 per cent of Russian GDP compared with 3.6 per cent in 2021, before the invasion of Ukraine, the summary says.

However, Russia's true military spending remains uncertain due to a lack of transparency, including the use of secret budget lines, which account for approximately 22% of the Russian government's total budget.

"Although only part of the defence budget is spent on the war in Ukraine, the increase in spending highlights the cost of Russia’s activity in Ukraine. In addition, Russia almost certainly faces extra direct budgetary defence costs due to the war, including security expenses in the occupied regions and defensive measures in regions bordering Ukraine," the British Ministry of Defense said.

Author – Anastasiya Glotova, 30/06/2023

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