Comments by "dixon pinfold" (@dixonpinfold2582) on "GBNews" channel.

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  37. I offer here a response to your question about financial costs. Russia's estimated bill for direct military costs alone is $10bn a month. The US says its military aid cost $2.6bn a month for the 49 weeks from the start of the war to February 3, 2023 (a total of $29.3bn). Despite considerable effort I have been unable to obtain a military aid total for all Ukraine's allies, but it is often stated that the US provides more than 50% of the overall total. If this is true, then military aid altogether is no more than $5bn a month. If the estimates I have given are more or less valid and accurate, then Ukraine's allies' military spending has totalled $55bn so far, versus $120bn by Russia. (Obviously I have not accounted for spending by Ukraine itself, but that is a matter outside the narrow scope of the subject you raised.) Russia's $120bn would compare with its 2021 military budget of $66bn and its GDP in 2022 of about $1.7trn. The allies' $55bn would compare with the total military budget of NATO countries in 2021 (thus excluding Japan, South Korea and Australia) of $1.6trn, and total GDP in 2022 in the neighbourhood of $50trn (including Japan, South Korea and Australia). Thus Russia's military spending on the war is 200% of its 2021 military budget and 7% of its GDP. For Ukraine's allies the figures would be 3.4% (of NATO military budgets only) and 0.15% of GDP (all allies). (Indirect and other costs—including, for Ukraine's allies, humanitarian and financial aid—are of course much more for both sides, but here I am addressing the part of your comment concerned with military spending.) The upshot is that Russia's military financial burden is immensely greater than that of Ukraine's allies. It appears to be something on the order of 45x greater in proportion to its total economic resources. Against this, a number of factors may be considered relevant, including the undervaluation of Russia's currency versus the dollar. I wish to stress that I have little expertise in these matters, despite having a longstanding interest and some knowledge and work experience in finance and global economics. Nor am I a professional researcher. It may interest you to know that on Tuesday, February 21 the Kiel Institute, a high-profile German think tank, will publish online a major update to its Ukraine Aid Tracker.
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