Only if you convert rubles by “purchase power parity” as opposed to the market rate, which seems like a weird way to manipulate data to fit some narrative.
PPP is a useful measure to compare wealth although it’s usually based on goods like bread and not tanks. There’s a grain of truth here as the difference in wages alone makes for a huge factor in the overall cost. Having access to many raw materials is a big boon for Russia too.
Only if you convert rubles by “purchase power parity” as opposed to the market rate, which seems like a weird way to manipulate data to fit some narrative.
Not that weird if most of that spending is domestic.
PPP is a useful measure to compare wealth although it’s usually based on goods like bread and not tanks. There’s a grain of truth here as the difference in wages alone makes for a huge factor in the overall cost. Having access to many raw materials is a big boon for Russia too.