Tuesday, November 22, 2022

"Could the Ukraine War Turn Russia Into North Korea?"

 From 19FortyFive, November 22:

Russia: The New North Korea? As of last week, the Kremlin has reportedly lost more than 18,000 units of equipment – including tanks, armored personnel carriers, military vessels, combat aircraft, and large artillery – since it launched its unprovoked and ill-fated invasion in February. The losses are the greatest a military power has seen destroyed or captured since the Second World War.

Russian forces are believed to have seen more than 420 troops killed in the past week, while six tanks and seven APCs were destroyed. In total, nearly 2,900 Russian tanks have been destroyed or captured, along with more than 5,800 APCs.

Earlier this month, the Kremlin also lost 24 tanks and 800 men in a single day as its defense of Kherson crumbled. During the week-long fighting for the city, Russian forces saw 2,600 soldiers killed. The Russian death toll since the start of the full-scale invasion is believed to have surpassed 83,000. 

By contrast, Moscow had lost around 15,000 soldiers during its nearly decade-long war in Afghanistan, and even greater than the 58,220 U.S. soldiers killed in Vietnam.  

The Financial Cost of the Ukraine War

It isn’t just the human toll that is so shockingly high. In August, it was reported that the war was costing Moscow around $1 billion a day, and that figure has likely only increased.

On Monday, it was reported that Russia had borrowed £11.4 billion ($13.4 billion) in its largest-ever debt issuance in a single day. Moscow raised the money by issuing new debt bonds over the weekend to help fund the ongoing conflict and to raise as much cash as possible before the conditions worsen and the costs go up....

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