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Russia's invasion of Ukraine has come at a steep geopolitical price and tens of thousands of people have died, but a new analysis byThe direct fiscal cost of the war — spending on soldiers and machines — is estimated to be about 3% of Russia's GDP, or roughly $67 billion a year, according to the report. That figure comes from a comparison of Moscow's pre-invasion spending forecasts for defense and security with what it actually spent.
However, 3% is substantially higher than the 0.4% of GDP the Soviet Union spent on its war on Afghanistan.
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Live blog: Ukraine shells border town for third time in week — RussiaRussia says Ukrainian forces have shelled its Belgorod region again, and UN nuclear chief urges Russia, Ukraine to ban attacks at nuclear plant as fighting rages on its 463rd day Follow our live coverage👇
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Russia issues arrest warrant for U.S. Sen. Lindsey Graham over Ukraine commentsGraham met with Ukrainian President Volodymyr Zelenskyy on Friday. Zelenskyy’s office later released an edited video in which Graham says “the Russians are dying” and describes the U.S. military assistance to the country as “the best money we’ve ever spent.”
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Ukraine war takes new turn as shelling and drone strikes hit inside Russia's border | CNNRussia saw the effects of its war on Ukraine dramatically reverberate back onto its own territory on Wednesday, after a “massive” shelling attack injured four people in Belgorod and preliminary information indicated a drone crashed and sparked a fire at an oil refinery further south.
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Russia says it destroys Ukraine's 'last warship'Russia's defence ministry said on Wednesday that its forces had destroyed what it described as Ukraine's 'last warship' two days ago in the port of Odesa in a missile strike. Ukraine's navy declined to comment. 'The last warship of the Ukrainian navy, the Yuriy Olefirenko, was destroyed at a warship mooring in the port of Odesa,' Defence Ministry Spokesman Igor Konashenkov said in a daily briefing on the war.
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Russia increasingly on the defense against Ukraine: U.K.The U.K. defense ministry said Putin's military is now 'reacting to Ukrainian action rather than actively progressing towards its own war aims.'
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Russia reports attacks on oil refineries and town near border with UkraineRussia said Ukrainian artillery hit a Russian town for a third time this week and drones struck two oil refineries in an uptick in attacks on Russian territory as Ukraine prepares a Western-backed push to end Moscow's invasion. Inside Ukraine, Russian-installed officials said five people had been killed in Ukrainian army shelling of a Russian-occupied village in the east, where Russia has fought months of bloody and inconclusive battles to try to seize more territory.
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