Armenia's Military Equipment Loss in Recent Karabakh War Stands at $4 Billion, Exceeding State Budget

Scholars at the University of Economics of Azerbaijan have recently calculated the cost of Armenia's military material loss in the wake of the latest war in Azerbaijan's internationally recognized Karabakh region. The total cost of the Armenian army's military equipment destroyed and captured by the Azerbaijani forces during the war is estimated to be $4.008 billion, according to data compiled by the researchers at the Economic Research Institute of the university.

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