How much did Russia spend on the war against Ukraine in 2024 — expert data
news.online.ua
Mon, 28 Apr 2025 13:04:00 +0300
Russia spent almost 150 billion per year on the war against UkraineThis is stated in a report by the Stockholm International Peace Research Institute SIPRI.According to the institute, Ukraines total military spending increased by 2.9, reaching 64.7 billion, equivalent to 43 of Russias spending.
In addition, last year Ukraine had the largest military burden of any country in the world 34 of GDP.
Russia has again significantly increased its military spending, widening the spending gap with Ukraine.
Ukraine currently directs all of its tax revenues to military needs.
With such limited fiscal capacity, it will be difficult for Ukraine to continue increasing its military spending, said Diego Dapes da Silva, Senior Researcher in the SIPRI Arms Expenditure and Production Programme.
Global military spending in 2024 reached 2.718 trillion, which is 9.4 more in real terms than it was in 2023.
This is the fastest annual growth at least since the end of the Cold War, the institutes experts noted.More than 100 countries around the world increased their military spending in 2024.
As governments increasingly prioritize military security, often at the expense of other areas of the budget, the economic and social tradeoffs could have a significant impact on society in the coming years, says SIPRI researcher Xiao Liang.The report also says that all NATO countries increased their spending in 2024, while in 18 of the 32 Alliance countries, defense spending reached at least 2 of GDP.It is noted that in 2023, only 11 Alliance member countries had such a level of defense spending.
Total military spending of NATO countries amounted to 1.506 trillion, which is equal to 55 of global military spending.
Latest news
more news