Ukraine can win the war against Russia. It has all the troops it needs – about 1 million men and women under arms. It needs two things money and arms.

For 2025, Russia officially plans $176 bn, 9% of GDP, in military & security expenditures. It is probably slightly more, say $190 bn, 10% of GDP, but much of this is stolen & much inefficient.

In 2024, Ukraine spent about $90 bn on its military, $40 bn from its own budget & $50 bn in Western arms supplies.

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