In a year and a half since the start of its full-scale invasion, Russia spent about US$167.3 billion on the war against Ukraine, of which US$34 billion worth of equipment were destroyed by Ukraine’s Armed Forces alone.
Source: Forbes calculations based on data from the General Staff of the Armed Forces of Ukraine
Details: According to Forbes, Russia spends about US$300 million a day on its war against Ukraine.
Direct military spending and the cost of Russia's lost equipment over 18 months of the war (from 24 February 2022 to 24 August 2023) is about US$167.3 billion. This estimate does not include constant defence spending not related to military operations, as well as economic losses of the aggressor country.
The largest items of expenditure: ensuring military operations (US$51.3 billion), salaries of the servicemen (US$35.1 billion), compensation to the families of the dead (US$25.6 billion) and wounded (US$21 billion) and the cost of destroyed equipment (US$34 billion).
After the rapid fall of the ruble, the "cost" of the Russian soldier for the budget of the Russian Federation decreased significantly. If for 2022 the total payments per one serviceman were about US$200 per day, now it is about US$120 per day.
Also, with the fall of the ruble, the cost of compensation to the military in US dollars decreased significantly. If at the rate of 60 rubles/$ the cost of compensation to the family of the deceased in the Russian Federation was about US$110,000, now it is only about US$65,000. The amount of compensation to the wounded, respectively, decreased from US$45,000 to US$27,000.
However, the level of Russian losses in recent months has remained at a significantly higher level than last year, according to the General Staff of the Armed Forces of Ukraine. Accordingly, Russia is forced to spend more on compensation to the families.
The main item of expenditure of the Russian Federation on the war in Ukraine is ammunition and military support of the army. The total cost of this is US$51.34 billion. At the same time, the Russians spent over US$9 billion on providing for Russian artillery in a year and a half of the great war.
The total cost of missiles fired on the territory of Ukraine has already reached a hefty sum of more than US$21.1 billion.