Russia suffered vastly more casualties than Ukraine in September, a senior NATO military official told Bloomberg. Ukraine’s General Staff put the month’s Russian toll only slightly lower.

September’s toll lands on a recruitment system that was already falling short. Ukraine’s military intelligence (HUR) estimated that Russian losses outran new contracts in June and July, when monthly losses ran lower. In August, Ukrainian President Volodymyr Zelenskyy, citing military intelligence, warned that Russia is preparing a mass call-up after its parliamentary elections. That vote ended on 20 September.

Where the numbers come from

Russian casualties passed 50,000 in September, up to 28,000 of them killed, the official said. Ukraine’s losses over the same month came to about 5,000, according to the official, who spoke on condition of anonymity. Russia does not release casualty figures, Bloomberg noted. In late August, Pavlo Palisa, deputy head of Ukraine’s Presidential Office, put Russia’s July losses at 43,000 killed and wounded. Bloomberg could not confirm his figures.

To push forward, Russia keeps feeding troops into “kill zones,” the official said. These are stretches of ground saturated with armed drones, mines, and artillery fire. Maksym, call sign Rumyn, is a deputy company commander in the 46th Airmobile Brigade’s drone battalion. In April, he said the zone once ran 3–5 km deep and is now several times larger.

Explore further

Ukraine suffered 10 times fewer casualties than Russia in Vivaldi counteroffensive, veteran says. Ukraine’s innovations in drone and ground robot tactics are changing frontline warfare

Rising stakes for Moscow

Russia’s defense spending is expected to near $199 billion this year, Bloomberg reported, citing two sources close to the government. That is about 40% above the plan the government set in late 2025.

Russian President Vladimir Putin would struggle to wind down the invasion without a political cost, Martin Jäger said last week. He heads Germany’s Federal Intelligence Service (BND).

Russia is spending more on the war than at any point since it began. Russia's military funding is on track to hit a record this year after President Vladimir Putin added almost $60 billion to the outlays set in the budget, Bloomberg reports, citing people close to the government.

Defense spending is expected to approach about $199 billion by the end of 2026, roughly 40% above the plan Moscow announced in late 2025. That reverses the course of a year ago, when the Kremlin meant to slow military growth, narrow its deficit, and rebuild reserves drained by the war.

Alaska was the turning point

Putin ordered the shift late last year, after concluding that talks with the US in Alaska would not produce an acceptable deal to end the fighting, the report says.

By January, the Kremlin judged an agreement with Ukraine to be out of reach, and the government began accelerating advance payments to defense firms and raising other war-related spending.

"The government is finally budgeting for a prolonged war in Ukraine, but still understates its cost," Bloomberg Economics economist Ekaterina Vlasova said.

The deficit nearly doubles

Paying for the war has blown out the budget. The projected 2026 deficit has climbed to more than $81 billion, up from about $44 billion as first planned, and the government covered the extra spending through increased domestic borrowing and gold sales.

The budget plans years of war

The spending is not set to fall soon. Under the budget plans, Russia's military outlays reach about $200 billion in 2027, then ease to $194 billion in 2028 and about $191 billion in 2029, a signal that Moscow is planning for a long war.

Earlier, Euromaidan Press reported that Russia was raising 2027 defense spending by 27% to a record, even as its deficit widens and oil and gas revenues fall.