Wars have always been expensive, but the cost of Russia’s invasion of Ukraine has reached staggering levels. Over a year into the conflict, both the financial and human toll has been devastating.
The impact isn't limited to Russia or Ukraine — it has reshaped global alliances and challenged international stability.
According to U.S. Defense Secretary Lloyd Austin, Russia has spent more than $200 billion on its war effort since February 2022, according to Digi24.
Speaking at the Reagan National Defense Forum in California, Austin described these expenditures as part of a "staggering price" for its aggression.
The human cost is equally shocking. At least 700,000 Russian soldiers have been killed or wounded, a number that exceeds the combined casualties from all of Russia’s post-World War II conflicts.
Weakened Military
Austin noted that the Kremlin’s decision to pursue this war has drained resources and weakened its military. Despite this, Ukraine has managed to hold its ground, thanks in large part to Western support.
The United States and its allies have provided over $57 billion in security assistance through efforts like the Ukraine Defense Contact Group, also known as the Ramstein Group.
This support has allowed Ukraine to resist one of the largest armies in Europe.
“Together, we’ve helped Ukraine survive a full-scale assault,” Austin said.
He credited the combined efforts of NATO and allied nations for reinforcing Ukraine’s defenses and maintaining pressure on Russia.
The conflict has also led to significant shifts in NATO’s strategy. Its eastern flank has been strengthened, and member nations have increased their annual defense budgets by nearly $80 billion.
Austin emphasized that these actions have helped deter further aggression while avoiding direct nuclear confrontation with Russia.
