How much Europe pays for the war of Russia in Ukraine

Video day, of course, every government of European countries is now trying to reduce the burden for the population. Here are a few examples, how much it will cost their budgets: UK - more than $ 115 billion - about 4. 3% of GDP Germany - $ 65. 5 billion (€ 65 billion) - 1. 8% of GDP Italy - $ 52. 5 billion (€ 52 billion ) - 2. 5% of GDP France - $ 64. 5 billion (€ 64 billion) - 2. 2% of GDP Spain - $ 27. 1 billion (€ 27 billion) - 1. 9% of GDP Poland - $ 8 billion - 1. 2% GDP Czech Republic - $ 7.

2 billion - 3% GDP Greece - $ 7 billion - 4% of GDP of the Netherlands - $ 6 billion - 0. 6% of GDP Norway - $ 2 billion - 0. 5% of GDP Europe is experiencing a war in Ukraine in Ukraine in the first Gas payments are now the most common tactics of countries in combating increasing tariffs - freezing energy prices, as France does or plans to do the TRASS government in Britain.

But further, the logical chain looks like this: greater borrowing - a larger budget deficit - higher interest rates - more expensive state debt service. A kind of financial utility for state budgets. Let me remind you that the reason for the increasing financial burden of Europeans is the Russian war against Ukraine. This regularly emphasize analytical articles in leading economic media such as Financial Times or The Economist.

Theoretically, the strategic goal of European countries to reduce the financial burden on the budget should be a victory over Russia. In practice, the figures of assistance to some of these countries in Ukraine during the war (as of September 6, according to the Ministry of Finance) do not contribute to the achievement of a strategic goal: the EU - about $ 7 billion; Germany - $ 1. 37 billion; UK - $ 0. 58 billion; France - $ 0. 33 billion; Italy - $ 0. 33 billion; Netherlands - $ 0.