Wednesday, July 23, 2014

The Ukraine Government Is Spending $130m A Month Fighting The Insurgency In The East

The cost of defence has escalated in Ukraine when the pro-Russian separatists are as well-equipped as this. Reuters

Ukraine Spending $130m A Month Fighting Insurgency-- IBTimes

Ukraine's Finance Minister Oleksander Shlapak has said the country's "anti-terrorist" campaign in the east of the country was costing Kiev 1.5bn hryvnias ($130m, £76m, €96m) a month and that it could not afford to finance the operations without assistance.

"We need to seek additional resources for this operation," he told a meeting of parliamentary party leaders.

Security in eastern Ukraine has deteriorated in the wake of Russia's annexation of the Crimea peninsula in March, as pro-Russian separatists have mounted an insurgency against the pro-European government in Kiev.

Read more ....

Update #1: Ukraine says fighting in east Ukraine costs more than $130 million a month -- Reuters
Update #2: Ukraine says fighting in east Ukraine costs more than €96m a month -- Independent.ie

My Comment: If you throw in the infrastructure that has been destroyed, residential and commercial buildings destroyed or damaged, the wounded that will need care fort he rest of their lives, lost productivity, the long term social costs .... this $130m/month is just the operational cost .... the long term costs will be in the tens of billions.

7 comments:

Rhaegar said...

1.
After the civil war will the economic situration stabelise or will it get much worse?
2.
I have read that Russia will now stope the duty free trading with Ukraine how will this infulence the economy?
3.
Can EU help Ukraine like it did with Poland?
4.
Can the economic situration in Ukraine end up like Greece and Venzuela etc.

James said...

I don't know Rhaegar, but judging from the above photo duck hunting in the Ukraine is a little more serious than in Texas.

War News Updates Editor said...

In this part of Ukraine it is geese James .... and sometimes deer. But the best place for hunting is the Laurentians of Quebec. Tank is optional.

War News Updates Editor said...

Rhaegar ....

(1) All wars will end, and the economy will rebound. But in this case .... that rebound is probably going to take a long time.

(2) Russia is Ukraine;s biggest trading partner .... trade restrictions are going to hurt Ukraine far more than on Russia.

(3) The EU is broke.

(4) Ukraine is poorer than Greece, and Venezuela is a different story. In a way .... Ukraine is a special case.

War News Updates Editor said...

I forgot about the boar .... but these boars make the boars that you Americans hunt look like little harmless hamsters.

James said...

WNU: I will admit that a 120mm HEAT tank round does combine the skinning, gutting, and tenderizing into one easy step.

War News Updates Editor said...

I can`t top that .... and if I try you will probably respond and I will end up dying from laughter.