USA News Today | Daily Us NewsPaper
Saturday, October 31, 2026
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Politics

Ukraine War To Cost Russia $1.3 Tln In Economic Growth: US

March 20, 2024
in Politics


The United States says President Vladimir Putin’s “war of choice” against Ukraine will cost Russia $1.3 trillion in previously anticipated economic growth through 2026.

In remarks opening the 20th meeting of the Ukraine Defense Contact Group at Ramstein Air Base, Germany, U.S. Secretary of Defense Lloyd J. Austin detailed the sheer loss that Russian President Vladimir Putin has caused his own country in the war on Ukraine. “For more than two years, Ukraine’s forces have fought Putin’s aggression with defiance and skill,” he said. “Russia has paid a staggering cost for Putin’s imperial dreams. At least 315,000 Russian troops have been killed or wounded.”

Since the invasion, Russia has wasted up to $211 billion to equip, deploy, maintain and sustain its needless war on its neighbor, according to Austin. He claimed that Ukraine’s defenders continue to degrade the Kremlin’s capabilities.

Austin noted that Ukraine’s military has destroyed or damaged 20 medium to large Russian navy vessels. Ukrainian antiaircraft capabilities continue to down Russian warplanes.

The stakes in the fight are high, Austin and Brown said at the conclusion of the group meeting. If Putin is successful in Ukraine, he will not stop there, Austin said.

Austin said he believes there is a bipartisan consensus in Congress for passing a supplemental bill that will continue to fund U.S. aid to Ukraine.

Austin and Air Force Gen. CQ Brown, Jr., the chairman of the Joint Chiefs of Staff, met with representatives of more than 50 countries and organizations to channel aid, training and capabilities to Ukraine.

Brown said Ukrainian forces were able to retake more than half of the territory that Russia temporarily occupied during the early stages of the conflict.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsConservative TalkFront Page NewsGeneral NewsPolitical NewsTop storyWhite House

Related Posts

US Says North Korea Using New Tactic In Social Engineering And Hacking

by USA News Editor
May 3, 2024
0

The U.S. Government has warned against a new tactic the North Korean cyber group known as Kimsuky is deploying to...

Turkey Suspends Trade With Israel Over Gaza 'humanitarian Tragedy'

by USA News Editor
May 3, 2024
0

Turkey says it is suspending trade with Israel citing the offensive in Gaza, and the "worsening humanitarian tragedy" in the...

EU Warns Georgia Over Repressing 'foreign Agent' Bill Protests

by USA News Editor
May 2, 2024
0

The European Commission has warned Georgia over violent repression of peaceful protests against "foreign influence" legislation in the country. The...

US Sanctions Russia Alleging Use Of Choking Agents Against Ukrainian Troops

by USA News Editor
May 2, 2024
0

The United States has imposed sanctions on more than 80 entities and individuals alleging that Russia used the chemical weapon...

Blinken Says US Will Not Support Rafah Military Operation Harming Civilians

by USA News Editor
May 2, 2024
0

U.S. Secretary Of State Antony Blinken has vowed that the United States will not support Israel's proposed major military operation...

EU-New Zealand Trade Agreement Enters Into Force

by USA News Editor
May 1, 2024
0

The EU-New Zealand trade agreement entered into force Wednesday. The deal, which is expected to cut EUR140 million a year...

Advertisement

Today Trend USA News

U.S. Construction Spending Unexpectedly Pulls Back Modestly In January

3 years ago

Biden To Lay Out 'vision For The Future' In State Of The Union

3 years ago

Chicago Business Barometer Unexpectedly Drops To Lowest Level Since November 2022

3 years ago
Slayer, Motley Crue, Slipknot & Korn To Headline 2024 Louder Than Life Festival

Slayer, Motley Crue, Slipknot & Korn To Headline 2024 Louder Than Life Festival

3 years ago

Russia – NATO Full-scale War Cannot Be Ruled Out: Putin

3 years ago
New York Manufacturing Index Indicates Substantially Slower Contraction In February

New York Manufacturing Index Indicates Substantially Slower Contraction In February

3 years ago

Popular News Today

  • U.S. Business Inventories Increases In Line With Estimates In December

    US Concern Over New Hong Kong National Security Law

    0 shares
    Share 0 Tweet 0
  • Madonna Reveals First Words After Waking Up From Coma

    0 shares
    Share 0 Tweet 0
  • Peter Gabriel's 'Back To Front- Live In London' To Be Released On 4K UHD Blu-ray

    0 shares
    Share 0 Tweet 0
  • Godsmack To Release 'Awake' On Vinyl For The First Time

    0 shares
    Share 0 Tweet 0
  • Carly Pearce To Release 'Hummingbird' A Week Earlier Than Previously Announced

    0 shares
    Share 0 Tweet 0
  • About
  • Contact Form
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2024 USANEWS.ONE

No Result
View All Result
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech

© 2024 USANEWS.ONE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously