International

Russia Spending an Estimated $900 Million a Day on Ukraine War

Published

4 years ago

May 7, 2022

Russian President Vladimir Putin

As Russia continues its invasion in Ukraine, the heavy toll taken by Russia’s economy could be felt for years to come.

Russia’s invasion is now in its third month, and sustaining the military offensive requires approximately $900 million a day, Sean Spoonts, editor-in-chief of SOFREP, a media outlet focused on military news, told Newsweek.

Several factors play into that heavy price, according to SOFREP’s estimate. That includes paying the Russian soldiers who are fighting in Ukraine; providing them with munitions, bullets and rockets; and the cost to repair lost or damaged military equipment. Russia also must pay for the thousands of critical weapons and cruise missiles that have been fired during the war, which run about $1.5 million apiece, according to Spoonts.

Those figures don’t take into consideration how much Russia may have lost financially because of the severe economic sanctions imposed on it after launching the invasion in late February. Those sanctions may remain in place even if Russia withdraws its troops, according to the White House.

Many believed Russia would quickly rout Ukraine soon after the invasion, given its military superiority. However, Russia has not had much military success up to this point. Forces have failed to take control of the capital city of Kyiv and struggled in other major cities. Pentagon press secretary John Kirby has pointed out that every move by Russian forces has been met with strong resistance by the Ukrainians.

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“All I can tell you is that the Russians have not made the kind of progress in the Donbas and the south that we believe they wanted to make. We do believe they’re behind schedule,” Kirby said.

Russia’s failures come at a great cost to Russia both financially and in terms of loss of life, although the Kremlin has been hesitant to release numbers about military casualties. A study released two weeks after Putin’s announcement found that direct losses from the war has cost Russia about $7 billion.

The economic sanctions imposed on the country as a result of their invasion has had devastating impacts on the country, likely to be felt by Russian citizens for decades to come, according to a March 14 report from CNBC.

The Russian economy could be set back by as much as 30 years as the Russian ruble has collapsed, according to CNBC’s report, with some believing that Russia’s standard of living could be lowered for the next five years.

The Institute for International Finance, a financial think-tank representing firms in over 70 countries, states that the country’s gross domestic product (GDP) will likely fall by 15 percent this year, according to Business Insider.

Ukraine also dealt a difficult blow to Russia in April with the sinking of the Moskva, a Russian warship and flagship of the navy, and an estimated $750 million loss, according to Forbes Ukraine.

The publication reported in April that Ukraine destroyed more than 5,000 pieces of Russian equipment since the war began, but that the Moskva was by far the most expensive target.

Despite the massive cost of weaponry, Kirby said there is evidence that Russian forces have not been hitting their intended targets with precision-guided missiles. He said a multitude of factors could be responsible, including possible incompetence on behalf of operators.

Meanwhile, there are growing concerns that President Vladimir Putin may use May 9—which is celebrated as Victory Day in the country and marks the defeat of Nazi Germany—to formally declare war on Ukraine. However, Russian officials are denying those reports, with a Kremlin spokesperson saying that “there is no chance of that.”

Ukraine also faces a heavy economic impact due to Russia’s invasion. Ukraine’s President Volodymyr Zelensky said it will require hundreds of billions of dollars in order to repair the damage done to the country’s economy and infrastructure, The Wall Street Journal reported, estimating $600 billion this week.

Newsweek

Related Topics:Russia Spending Ukraine war

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International

Five Dead After Coach Carrying Dutch Tourists Overturns in Switzerland

Published

6 hours ago

September 11, 2026

Hamdalat Bisiriyu

Five Dead After Coach Carrying Dutch Tourists Overturns in Switzerland

A holiday trip in Switzerland has ended in tragedy after a coach carrying 45 Dutch adults overturned in the eastern part of the country, killing five people and injuring the remaining passengers.

The crash occurred on Thursday afternoon on the road linking Susch and Zernez in the Graubünden region. Police said the vehicle went off the roadway while passing through an area where construction work was taking place before overturning.

Three of those injured are in serious condition, while another 37 people sustained less severe injuries. The driver, who is also Dutch, survived the crash but was among those taken for medical treatment.

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Authorities have begun investigating the incident and are working to establish what caused the coach to leave the road.

Tour operator Oad said the company was devastated by the deaths and described the incident as a deeply shocking tragedy.

The crash took place close to Zernez, a popular gateway to Switzerland’s National Park, a large Alpine nature reserve in the Engadine valley.

Five Dead After Coach Carrying Dutch Tourists Overturns in Switzerland

International

Iran’s President Seeks End to War as US Tightens Economic Pressure

Published

7 hours ago

September 11, 2026

Hamdalat Bisiriyu

Iran’s President Seeks End to War as US Tightens Economic Pressure

Iranian President Masoud Pezeshkian has said he does not support prolonging the war with the United States, while urging Iran to strengthen its economic and political resilience.

Speaking to university leaders, Pezeshkian said Tehran must avoid entering negotiations from a position of weakness, particularly as the US increases pressure through its Operation Economic Outcast campaign.

He called on universities to help the government tackle the country’s economic and social challenges, warning that poorly planned policies could worsen existing problems.

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Pezeshkian also urged young Iranians, including Generation Z students, to contribute to solving social problems rather than allowing frustration to fuel protests.

The president said he was willing to work with different political groups and anyone capable of helping Iran overcome its current difficulties.

His comments come amid growing pressure on Tehran to find a way forward. The conflict began on February 28, when the US and Israel launched attacks on Iran, prompting Iranian missile and drone strikes against Israel and US positions across the region.

With Washington now intensifying economic pressure, Pezeshkian’s remarks reflect the challenge facing Tehran: resisting US demands while preventing the prolonged conflict and sanctions from further weakening the country.

Iran’s President Seeks End to War as US Tightens Economic Pressure

Africa

Murder of Nigerian Bishop in South Africa Sparks Outcry Over Unsolved Killings

Published

9 hours ago

September 11, 2026

Hamdalat Bisiriyu

Murder of Nigerian Bishop in South Africa Sparks Outcry Over Unsolved Killings

Family and community leaders rally for justice after 58-year-old cleric from Ekiti is assassinated in his Johannesburg residence.

To his congregation and loved ones, Nigerian clergyman Bishop Taiwo Michael Fakunle was a pillar of faith and moral guidance. But that sanctuary was violently shattered inside his Kensington home in Johannesburg when two gunmen forced their way inside and opened fire at point-blank range.

Hit more than seven times, the 58-year-old Ekiti native died at the scene, sending shockwaves across the Nigerian expatriate community and turning deep grief into a collective cry for justice.

Leading the push for accountability, the Nigerian Citizens Association South Africa (NICASA) voiced the community’s sorrow and growing frustration with violent crime.

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Association leaders stressed that Bishop Fakunle’s family, church, and compatriots deserve clear answers rather than empty reassurances.

Urging South African investigators to act with speed and transparency, the group warned authorities against letting the tragedy become another forgotten statistic in an endless stack of unsolved homicides.

As detectives at Jeppe Police Station proceed with the murder inquiry, community heads are calling for robust oversight from Nigerian diplomats while urging the public to exercise restraint.

Despite the intense anger surrounding the brazen attack, leaders emphasized that justice must be pursued through legitimate legal channels.

As mourners across South Africa and Nigeria remember the slain bishop, their message to investigators remains clear: the community will not look away until those responsible are brought before a judge.