Russia spent $167 billion on the full-scale invasion, with Ukraine destroying around $34 billion worth of Russian equipment as of Aug. 24, Forbes reported, based on data published by the General Staff of Ukraine's Armed Forces. This figure doesn't include Russia's defense spending that isn't tied to the war, nor Russia's economic losses as a result of multiple international sanctions. Read also: Russia’s southern mistake — Surovikin lines, Gerasimov tacticsThis is because the lion's share of Russia's budget is filled with oil and gas revenues. According to Reuters, Russia spent almost 5.6 trillion rubles on defense in the first half of 2023, which already exceeds Russia's entire planned 2023 federal defense budget. Moscow had to double the defense budget to nearly 10 trillion rubles ($105 billion) or a third of the entire 2023 budget.

Source: Forbes September 16, 2023 23:11 UTC