Ukraine Asserts Russian Invasion and Reinstitutes Draft

[pampango]

14. I read that Ukraine's president asked for a 50% increase in defense spending - to 1.7% of GDP.

That means that Russia spends 3 times as much of its GDP on the military. In addition, Russia's GDP (at $2 trillion) is 12 times that of Ukraine ($176 billion). Russia therefore spends 36 times as much on its military as Ukraine does on its. And has a worse distribution of income to boot.

Part of the income equality in Ukraine may be due to capital flight. Of course, Russian oligarch's are well known for their capital flight as well so I am not sure how much of the difference in their respective income equality figures is due to capital flight differences. (When Cyprus had its banking crisis there was a lot of concern for the reaction from Russia since so much of the money in Cypriot banks came from Russia.)