It’s (Still) Costing Peanuts for the US to Defeat Russia

Submission Statement: Economist and Chatham House Associate Fellow Timothy Ash that Western support for Ukraine remains very cost-effective relative to the size of Western economies and defense budgets. While the total financial and military support provided by the West totals tens or hundreds of billions of dollars, it represents only a small fraction of 1% of Western GDP and a few percentage points of annual defense spending. Meanwhile, Ukrainian forces have significantly degraded Russian military capabilities. Continued Western backing for Ukraine defends its own security interests against Russian aggression at a quite low cost.