General Question

Ltryptophan's avatar

How much money has Russia lost so far by invading Ukraine?

Asked by Ltryptophan (12091points) March 5th, 2022 from iPhone

Must be a trillion.

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7 Answers

Tropical_Willie's avatar

Maybe Russia !

Patty_Melt's avatar

Enough we could take that hunk of real estate if we want to.

JLoon's avatar

According to Fortune magazine and other sources, right now the direct military operational costs are running about $1.7bil per day. But that cost increases exponentially as Russian forces move deeper into Ukraine and lose more men & equipment, while consuming more munitions, fuel, and food.

Other losses to their domestic economy due to sanctions bring the total price tag to roughly $21.7 bil/€20 bil per day :
https://www.consultancy.eu/news/amp/7433/research-ukraine-war-costs-russian-military-20-billion-per-day

But how long Russia can contine paying for Putin’s disaster isn’t exactly clear. The Ruble is already virtually worthless, and their investment bond status has been downgraded to junk by Moody’s and Fitch. Some anyalysts suggest Russian gold and foreign currency reserves will run out in as little as 10 months, others say they could hang on up to 2 years.

The only sure thing is that Ukraine has much less time.

Ltryptophan's avatar

Since we all know NATO is no threat, and rebuilding the soviet union was not going to happen, what’s the deal – pure ideological war?

JLoon's avatar

@Ltryptophan – Who knows?

I’m not a diplomat or a psychiatrist. Others suggesting the US and Europe need to “understand Putin’s motivations” and somehow accomodate his goals have pretty much exhausted credibility. At this point all the historical and political excuses are irrelevant.

My own feeling is that it doesn’t matter what thought process may be going on in the mind of some twisted, corrupt tyrant. What counts is stopping his destructive actions as quickly as possible, and ensuring that he feels enough pain that he’ll avoid the same agression in the future.

capet's avatar

Certainly a lot, but it is partially offset by higher commodity prices and by retaliatory steps taken by the Russian government.

KRD's avatar

A whole lot. Hope he loses more.

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