RUSSIAN Economic Disaster as Losses Accelerate & $22K Sign On Bonus Offered to Fight in Ukraine
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The Russian government has been struggling to maintain a sufficient number of soldiers to fight in the war in Ukraine. In response, the mayor of Moscow has announced a signing bonus of 1.9 million Rubles (equivalent to $22,000) for new recruits who are willing to serve for at least 12 months. This bonus is a huge incentive, equivalent to almost 2 years’ salary in Russia. To put this in perspective, the entry-level pay in the US Army is $24,200 per year, which is 2.5 times lower than the Russian offer. The UK Army’s entry-level pay is even lower, at $24,200.
The Russian government is struggling to replace its losses in Ukraine, with estimates suggesting it has lost 90% of its ground troops and 87% of its pre-invasion tanks. The costs of the war are staggering, with Russia estimated to have lost over 70,000 personnel in May and June alone. The war is also having a devastating effect on Russia’s economy, with the loss of skilled workers, a decline in GDP, and a massive increase in compensation costs. The overall impact is a significant negative one for the Russian economy.
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