March 26, 2022
1 min read

‘Russia doesn’t have funds for prolonged war’

The situation is similar with payment of mercenaries hired by Russia’s private military campaigns (PMC) to take part in the war, according to the Chief Intelligence Directorate of Ukraine’s Ministry of Defence, reports Asian Lite News

The Chief Intelligence Directorate of Ukraine’s Ministry of Defence said that that the Russian budget does not have funds for further payments to the military for participation in the ongoing war against Kiev.

“After the promised payments to the military of the aggressors’ army, the Russian military has had problems with funding. It has turned out that the budget does not provide for payment of these costs. And given the unsatisfactory state of Russia’s financial system due to sanctions, additional funds cannot be found in the budget,” Ukrayinska Pravda quoted the Directorate as saying.

Ukrainian soldiers. (Pic credits Twitter @DefenceU)

In Crimea, the current budget for military units was used up in February after payments were made for “business trips” to those who took part in the war against Ukraine, it said.

“There is no funding for any payments in March.”

The situation is similar with payment of mercenaries hired by Russia’s private military campaigns (PMC) to take part in the war, the agency note.

“More and more often, these soldiers are refusing to enter the territory of Ukraine. The reason is non-fulfilment of the terms of the concluded contracts. These militants are not receiving funds for participation in hostilities, compensation for injuries or promised ‘social guarantees’.”

ALSO READ: Boris, Xi hold phone call over Ukraine

Newsdesk

Newsdesk

Aravind Rajeev is Deputy News Editor at Asian Lite, mostly covering the Middle East and GCC. He has over eight years of experience as a journalist, with a background in ground-level reporting, crime reporting, as well as international and regional news.

Previous Story

Imran fights for survival as 50 ministers go missing

Next Story

Indian Army conducts airborne drill in sensitive Siliguri Corridor

Previous Story

Imran fights for survival as 50 ministers go missing

Next Story

Indian Army conducts airborne drill in sensitive Siliguri Corridor

Latest from -Top News

Vaccine Delays Fuel Bangladesh Measles Outbreak

More than 32,000 suspected cases and over 250 deaths have been reported since mid-March, with children making up most of the fatalities….reports Asian Lite News Desk Bangladesh’s measles outbreak has intensified, with

Tsai: Stand With Taiwan, Strengthen The Indo-Pacific

The former president said stronger international partnerships would help Taiwan withstand mounting military, cyber and economic pressure while reinforcing democratic resilience….repots Asian Lite News Desk Former Taiwan President Tsai Ing-wen has called

Pakistan Knitwear Exporters Seek Relief As Costs Soar

Pakistan’s hosiery and knitwear exporters are seeking urgent government support as rising production, energy and freight costs threaten international competitiveness….reports Asian Lite News Desk Pakistan’s hosiery and knitwear export industry is facing
Go toTop

Don't Miss

Netflix pulls out of Russia

Now, the company is taking an additional step in shutting

Is Ukraine becoming a testbed for big power contestation?

Diplomacy is trying its best, but failing so far. The