The Toll of Putin’s Wars
By intervening in Syria, annexing Crimea, and sustaining military presence in Eastern Ukraine, Russian President Vladimir Putin seems to have overextended himself. With an annual growth rate of just 1.5%, Russia is now expending 5.3% of its GDP on its military budget, while losing another 3-4% to legal, civilian, and other costs.
STOCKHOLM – Wars are expensive, as the Russian people are now learning. The Kremlin is pursuing military adventures in Eastern Ukraine and Syria, and though these conflicts are limited in scope, one wonders if the country can really afford them.