Tag: economics in Russia

Putin’s Wars Already Costing Russia Nearly US $100 Billion a Year, Illarionov Says

October 14, 2015

Staunton, October 11 – Estimating the real costs, direct and indirect, of a military conflict is always difficult because so many factors need to be considered, but Moscow economist Andrey Illarionov says that even if one ignores direct human and property losses, Vladimir Putin’s wars are currently costing Russia approximately US $94 billion every year. […]