exxon Posted October 25, 2015 Share Posted October 25, 2015 I'm wondering where Russia is finding the money to fight its foreign wars. The recession hit Russia badly and its economy hadn't really started to recover when they intervened in Ukraine. This conflict has cost Russia dearly. Apart from the cost of the military intervention it is said that sanctions have cost Russia a further $40 billion. Now Russia is involved in Syria and has allocated around $60 billion to propping up the Assad government. Where is the money coming from? Link to comment Share on other sites More sharing options...
Anna B Posted October 25, 2015 Share Posted October 25, 2015 Good point. I'd also like to know how Russia got so many billionaires and Oligarchs so quickly. Link to comment Share on other sites More sharing options...
retep Posted October 25, 2015 Share Posted October 25, 2015 I'm wondering where Russia is finding the money to fight its foreign wars. The recession hit Russia badly and its economy hadn't really started to recover when they intervened in Ukraine. This conflict has cost Russia dearly. Apart from the cost of the military intervention it is said that sanctions have cost Russia a further $40 billion. Now Russia is involved in Syria and has allocated around $60 billion to propping up the Assad government. Where is the money coming from? Perhaps they are borrowing it like the UK, http://www.nationaldebtclock.co.uk/ Link to comment Share on other sites More sharing options...
Guest Posted October 25, 2015 Share Posted October 25, 2015 This video interview may shed some light. Link to comment Share on other sites More sharing options...
apelike Posted October 25, 2015 Share Posted October 25, 2015 Probably financing it from its reserves just like other nations do. The UK Government has £billions in reserves, the local authorities have millions in reserves (including SCC), the police force have around £1.8 billion and the list goes on. Link to comment Share on other sites More sharing options...
999tigger Posted October 25, 2015 Share Posted October 25, 2015 (edited) Interesting question. Their economy is heavily reliant on the export of energy especially natural gas and oil. Its one of the largest producers of both. The government actually owns major portions of the companies which deal with these. Because Putin is so powerful and can do what he likes then he has less restrictions on him than someone like Cameron. Will have a look later on and give you some figures if the thread is still going. Looked this up so an easy overview on the Russian economy can be found here under the World Bank's assessment. Its in recession, but the sanctions arent that bad. Its suffering from a fall in energy prices, especially the price of oil. http://www.worldbank.org/en/country/russia/overview Theres a powerpoint slideshow http://pubdocs.worldbank.org/pubdocs/publicdoc/2015/10/852351444136675255/rer34-presentation-eng.pdf The short answer is he has a fund, the spend will be spread and hes likely to get money from Syria. Alternatively Al Jazeera addressed this question specifically and you cna see the answer in this news Report , where a researcher from the Royal United Services Institute answers your question. Its the first article and if you wnat to skip straught to it then its from 5m to 12 mins. http://www.aljazeera.com/programmes/countingthecost/2015/10/russia-economy-war-syria-151003113105759.html Edited October 25, 2015 by 999tigger Link to comment Share on other sites More sharing options...
kingdom Posted October 25, 2015 Share Posted October 25, 2015 The same way as all other governments finance war look to your left look to your right there is the answer your fellow subordinates Link to comment Share on other sites More sharing options...
Gamston Posted October 25, 2015 Share Posted October 25, 2015 Good point. I'd also like to know how Russia got so many billionaires and Oligarchs so quickly. Similar way to how Putin has amassed his fortune I guess . Link to comment Share on other sites More sharing options...
Vague_Boy Posted October 25, 2015 Share Posted October 25, 2015 Probably financing it from its reserves just like other nations do. Unlike America which runs a 500 billion dollar annual deficit [LINK], with their military budget being around $600 billion [LINK]. Link to comment Share on other sites More sharing options...
davyboy Posted October 25, 2015 Share Posted October 25, 2015 Good point. I'd also like to know how Russia got so many billionaires and Oligarchs so quickly. They in effect stole the industries which belonged to the state through their influence with the drunken premier yeltsin. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now