A study by the Center for Economic Recovery and the consulting firm Civitta and EasyBusiness stated that the costs of the war on the Russian economy run into the tens of billions a day.
According to Arabiya Net, Consultancy reported that direct casualties from the war alone - including destroyed military equipment, and personnel casualties, cost Russia In the first five days about $7 billion. The loss of human life alone is expected to account for $2.7 billion in lost GDP over the coming years.
Moreover, packing volume - including logistics, personnel, ammunition, fuel, missile launches, etc. - will cost more money every day.
As a result, according to the researchers, the daily cost of the war for Russia is likely to exceed $20 billion as the invasion escalates.
Beyond the Military Cost
This is, of course, only part of the damage to Russia, moreover, with the ruble falling to historic lows amid international sanctions, and a (partial) embargo on transfers international relations to the western world, the country's economy collapses.
As the market value of Russian companies is declining very rapidly, and with new restrictions on the circulation of government bonds and a freeze on central bank assets, it has become very difficult for the Russian authorities to maintain stability total and servicing the country’s sovereign debt.
In the meantime, trade restrictions will take a heavy toll on Russia's energy-dependent economy. Nord Stream 2 has already been sanctioned resulting in a loss of expected future revenue.
The ban on importing high-tech products will affect value chains in the medium and long term. For ordinary Russians, this will lead to inflation and a decrease in purchasing power - pushing millions into poverty and threatening a deep recession.
