Ukraine military estimates Russia's war costs at over $700 billion

Key facts

• Russia has lost over 1,580,000 personnel, killed and injured, since Feb. 24, 2022.
• Military equipment losses exceed $204 billion, including 12,448 tanks and 51,674 artillery systems.
• Total spending on the war against Ukraine is estimated at over $700 billion.
• Russia's oil industry lost $13.5 billion in one year (August 2025-2026).
• The war accounted for 7.5% of Russia's GDP in 2025, up from 4% in 2022.

Ukraine's General Staff released a video on Oct. 28, estimating the costs of Russia's full-scale invasion at over $700 billion. The assessment, released on the 1,707th day of the war, details financial expenditures, military equipment losses, and personnel casualties. The Ukrainian military claims Russia has lost over 1,580,000 personnel, both killed and injured, since February 24, 2022. Equipment losses are estimated at over $204 billion, including thousands of tanks, artillery systems, armored vehicles, missiles, and drones. The war has also significantly impacted Russia's economy, accounting for 7.5% of its GDP in 2025 and costing the oil industry $13.5 billion in one year.