The Cost of “Peace” without a reformed Russia will weigh on the world for generations


VoxUkraine argues that the cost of “peace” without a reformed Russia will weigh on the world for generations.

The Kyiv School of Economics released an estimate that as of March 24th the direct damage caused to Ukraine’s infrastructure during the war has reached almost $63 billion. Global economic losses due to the war are $543–600 billion. The cost of lost lives is undoubtedly even higher. Every day, the price of war rises.

Thus, we must do everything in our power to reduce the cost. Insufficient action for the defeat of Russia today will weigh on the world for generations, spiraling into a new arms race.

On Monday, March 28th, Joe Biden proposed a new budget for 2023. Among the various line items, the single largest was $813 billion for the Pentagon, of which $682 million is directly allocated for military and logistical support in Ukraine. This would be a 4% increase from the $782 billion allocated this year. Biden is one of many heads of state to recently announce large military spending packages.

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