300 billion allocation law: what else is needed by Ukraine from the West to win over Russia

The event can allocate $ 300-400 billion a year without much damage for itself to Ukraine, says economist Yaroslav Romanchuk. In his opinion, this will testify to partners' readiness to really fight Russia. As partners help Ukraine in the war against the Russian aggressor. When will the Law on Ukraine allocate $ 300 billion? The US House of Representatives has adopted a bill on providing military and financial assistance to Ukraine of $ 60. 84 billion. On April 23, a Voting in the Senate will be.

It seems like a large sum. For every dollar of US taxpayers - a lot of thanks, a low bow. Every form of support for Ukraine from America and free countries in the world is the protection of our soldiers at the front. It is a decrease in losses, life saving. This is the approach of our victory.

The adequacy of US, G7 and EU-27 assistance should be evaluated in the context, first, the strength and potential of the enemy and its partners over the axis of evil, secondly, the state of the Armed Forces, the resources of Ukraine, and thirdly, resources and potential of the Allies of Ukraine in the context of the Russian war coming in Ukraine. The resources of the Russian economy to finance the war since the beginning of aggression . . . have increased.

The promised sanctions from hell actually turned out to be sanctions from the ass. In 2022, Russia's GDP amounted to $ 2. 27 trillion, increasing under the pressure of sanctions by almost $ 430 billion. The budget of the state administration of the aggressor increased by $ 167. 1 billion, raising $ 806. 7 billion in 2022. The specific sanction mode has almost reached a record $ 600 billion. In 2023, Russia's GDP did not reach $ 2 trillion.

State expenditures amounted to ~ $ 735 billion, and the estimated export of goods - $ 424 billion. According to the most modest estimates, in 2022 and 2023 the aggressor directly financed the war against Ukraine in the amount Billions of government dollars for preparation for war by 2022. In 2024, the total military expenditures of Russia will be ~ $ 200 billion. Ukraine spent on defense in 2022 ~ $ 35. 3 billion and in 2023 - ~ $ 57 billion. $ 92 billion.

43% (~ $ 108 billion) were greater than Ukraine's total expenses and its western partners. Given the planned expenses in 2024, the cost of the enemy to finance the war will exceed the total expenses of Ukraine and its partners by ~ 50%. "Can America, G7, NATO and EU-27 increase Ukraine's financial support?" The answer to this question arises from the answer to the question: "What is the proportion of GDP / state expenditure de facto to Ukraine?" In 2022, the United States directed 0.

12% of its GDP or 0. 32% of total state expenditures to support Ukraine. EU-27 countries in 2022 spent 0. 2% of GDP or 0. 42% of total state expenditures, in 2023-0. 22% of GDP or 0. 44% of state expenditures in 2023. The numbers about Canada, Japan and the United Kingdom, which are included in G7, are much more modest. This volume of financial, resource support for Ukraine by the US, EU-27 and G7 is a misery.

It does not in any way affect the budget stability of these countries, especially on inflation or the state of payments. This year, God forbid, from ~ $ 61 billion approved by the House of Money, $ 8 billion has been received in Ukraine. As they say, only to support pants in trenches, but not for victory.

The determination and real willingness of the West to challenge the Nazi aggressor, to help Ukraine win the war will be evidenced by the adoption of the USA-27, the G7 countries of relevant laws on allocation of financial and military assistance to Ukraine annually by $ 300-400 billion. Such investments will pay off in the future.