2024-01-15 06:25:30
As the war in Ukraine continues to rage, both sides are trying to find solutions to finance their effort. This weekend, the Ukrainian president, Volodymyr Zelensky, made a quick tour of the Baltic countries, to convince the latter (and the EU, at the same time) to help them. Although no figures emerged from the discussions, Brussels would nevertheless have committed to assisting kyiv with several billion dollars.
At the same time, on the Russian side, Moscow confirmed the acquisition of war equipment, for a sum of around $61 million. A report jointly signed by the Kyiv School of Economics (KSE) and the Yermak-McFaul Groupa cabinet led by Andrii Yermak (head of Zelensky’s cabinet) and Michael McFaul (former American ambassador to Kiev), also affirms that Moscow has been able to restore its imports of war materials to the same level as before the war, is at the same level as before the international sanctions announced once morest Moscow, President Putin and the Russian oligarchs.
Russian spending to finance the war increases
According to the figures published in this report, the Russian government would have spent 932 million dollars, per month (on average) to import war materials over the period January – October 2023. A significant amount, 10% lower than what Moscow managed to import into its territory, before the start of the war in Ukraine. And what may surprise you in this report is that 48.5% of imports (nearly half of the war materials used by Russia in Ukraine) come from countries that have decided to impose sanctions once morest Moscow.
Attention. This does not mean that the USA, Canada, Japan or even Australia are selling war materials to Russia… At least directly. In fact, Moscow only deals with close partners, notably China, Turkey or even the Emirates, which themselves may be required to obtain supplies from third countries. However, is this enough? This same report sows slight confusion, explaining that if Moscow spent so much, it was also out of obligation.
An amount to be qualified
In fact, the roads are blocked. As a result, Russia must find new commercial routes to finance its war effort. Moreover, the so-called “fundamental” pour financing the war effort decreased by 28%. On the 932 million spent per month by Moscowa large part is therefore linked to logistics, to transport military equipment as quickly as possible, bypassing sanctions, to the battlefield.
And the West is not letting up the pressure. Indeed, recently, 42 companies linked to Russia or even Iran have been added to the American blacklist. Of these 42 companies, four are on the Cyprus side, three are in Belgium, while one is in the Netherlands and another in Germany. Several arrests have also taken place as part of investigations carried out by American and European services.
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