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15 Dec 2023

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That's How Much Bigger The Russian Economy Would Have Been Without Ukraine War

The US Treasury's chief sanctions economist Rachel Lyngaas estimates Russia's defense [spending at over $100bn](https://www.instagram.com/p/C00jxfitJJU/?igshid=MjJkMmIyYzQxYw==) for 2023, constituting almost one-third of its total planned expenditures. The war's effects include increasing costs, a depreciating rouble, rising inflation, and a workforce shortage due to emigration and casualties.