This is annoying. Apparently Russia is making more from it's oil and gas since the war in Ukraine began, and it's making enough to cover it's costs for the war (1st link below).
On the other hand, unless I'm reading the article wrong, it says that Russia's
total fossil fuel revenue is enough to cover the cost of the war,
not that the increase in revenue by itself is enough.
The second article below from Newsweek provides some information on Russia's military spending.
For what it's worth, if Russia continues through 2022 at it's present rate from January-April (according to the Newsweek article), it will have spent about 5.04 trillion rubles (88 billion US dollars) on military expenses. According to wiki, the US FY2022 included about $753 billion (.753 trillion) (US) in defense spending. However, I'm not sure if this is an apples to apples comparison, because I'm not sure if the US defense budget includes items that are not included in the Russian military spending in the Newsweek article.
According to the 3rd article below, the US spent $801 billion (US) in 2021 vs $65.9 billion (US) by Russia in 2021. According to the 4th article below, Russia's military spending in 2021 was 4.1% of GDP, whereas U.S. military spending was 3.5% of GDP in 2021. There appears to be no way for Russia to come close to matching U.S. military spending. And, of course, Russia would be up against a lot more than just the U.S. if Russia decided to pick a fight with NATO.
This post got a little off track, but I thought these numbers might be of interest.
>>>Russia earned what is very likely a record 93 billion euros in revenue from exports of oil, gas and coal in the first 100 days of the country’s invasion of Ukraine, according to data analyzed by the Center for Research on Energy and Clean Air, a research organization based in Helsinki. About two-thirds of those earnings, the equivalent of about $97 billion, came from oil, and most of the remainder from natural gas. . . .
Fossil fuel exports have been a key enabler of Russia’s military buildup. In 2021, revenue from oil and gas alone made up 45% of Russia’s federal budget, according to the International Energy Agency.
The revenue from Russia’s fossil fuel exports exceeds what the country is spending on its war in Ukraine, the research center estimated, a sobering finding as momentum shifts in Russia’s favor as its forces focus on important regional targets amid a weapons shortage among Ukrainian soldiers.<<<
Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging...
www.yahoo.com
>>>Russia's federal budget in April showed 628 billion rubles [10.5 billion euros] were spent on national defense, which breaks down to about 21 billion rubles [0.35 euros] a day, The Moscow Times reported. . . .The Moscow Times said Russia's defense budget has more than doubled since the war began in late February. In January, the Russian government spent 233.7 billion rubles [3.9 billion euros] on its military, but that amount increased to 369 billion [6.2 billion euros] in February when Russia began moving troops and equipment to the borders during the lead-up to its invasion of Ukraine.
In April, Russia's national defense budget ballooned to around 628 billion rubles[10.5 billion euros]. In April of 2021, that figure was 275 billion [4.6 billion euros].
From January through April, Russia spent a total of 1.681 trillion rubles [0.028 trillion euros] on military expenses, according to The Moscow Times.<<<
President Vladimir Putin spent 628 billion rubles on his military in April, Russia's Ministry of Finance reported,
www.newsweek.com
The United States is the country with highest military spending, spending more than three times the amount of China.
www.statista.com
Ukraine has the highest military spending by GDP. This is unsurprising following Russia's invasion of the country in February 2022.
www.statista.com
