Russia: War costs surge due to Ukraine War:
-A daily battle cost of over $ 20 billion-
-“One year is the limit” due to physical restrictions-
Russian President Vladimir Putin
was relieved to be able to surrender Ukraine in a short battle.
But he is facing formidable resistance from the Ukrainian army and the people. He made a big miscalculation.
Russian POWs:
Ten Russian officers attended the press conference.
They didn’t know the start of the war until the invasion of Ukraine.
This should not boost the morale of the soldiers.
The Ukrainian counterattack should be upset.
Russian war costs:
Unexpected resistance from Ukraine causes Russia’s war costs to skyrocket.
It has already reached over $ 20 billion a day.
Russia faces strong economic sanctions from the West.
There is even a view that “one year is physically the limit”.
“Consultancy Europe” UK Economic Recovery Center
On the 6th, the results of the joint research were announced.
Russia is a full-scale invasion of Ukraine,
First 4 days: $ 7 billion a day.
Since then: $ 25 billion a day in warfare.
Ukrainian side of the war:
The long-term appearance has greatly increased the consumption of ammunition and supplies.
As the number of killed in action increased, the number of missile launches increased and the cost increased rapidly.
Western countries sanction:
The economic blockade and the Central Bank of Russia’s foreign exchange reserves have been frozen.
This has forced $ 300 billion of foreign currency reserves into irreversible.
Russia’s loss:
In the four days after the start of the war, “the amount of loss caused by the war dead alone reached $ 2.7 billion.”
It will adversely affect Russia’s GDP in the long run.
Inflation is stalled, which puts millions of Russians in poverty.
World view of Toshiyoshi Katsumata
http://hisayoshi-katsumata-worldview.com/archives/28838375.html
Japan to freeze Russia’s foreign exchange reserves, report says
The sanctions will be discussed
at a meeting of G7 finance ministers and central bank governors on Wednesday, the Nikkei said.Almost 6% of Russia’s foreign exchange reserves, or an estimated $33 billion,
were in yen-denominated assets as of June 2021, according to figures from the Bank of Russia.
Japan’s decision leaves China as the only nation holding a substantial amount Russian reserves that hasn’t frozen them.
About 13% of Russia’s reserves, or an estimated $77 billion, were in yuan assets at the end of June last year.
Earlier, Japan’s top currency diplomat, Masato Kanda, said
the government was working closely with other G7 nations to ensure effective economic sanctions against Russia and its central bank.
The Japan Times
https://www.japantimes.co.jp/news/2022/02/28/national/japan-russia-central-bank-sanctions/