They produce around 10 tanks a month, refurbished included. They lose that in 2 days.
Their airforce is looking good? Then where is it? Where is the air superiority? Nowhere to be seen because they'd get shot down.
You're right that they will not run out like I run out of milk, but if you can't replace the losses of tanks and infantry vehicles, you have suddenly to rely on unprotected vehicles and human meat waves. They will not run out totally either, but it will stop them and the possibility to kick them out grows.
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.
Germany pays their soldiers multiple times what Russians get. There’s also lots of money just spent on pensions for retired soldiers. That money doesn’t lead to any military capability. A huge part of defense spend on goes into personell. Richer countries, not only pay better, they also offer more benefits. Healthcare for example is cheaper in Russia as well.
Comparing spending one to one does not lead to a conclusive answer.
What you actually need to compare is capabilities, volume, readiness, training, and so on.
Another example: NATO often trains winter warfare in Norway, a notoriously expensive country. Russia has much lower costs to conduct exercises for the same environment.
Then there’s existing infrastructure like factories, repair yards, storage bunkers, etc. Europe is still scaling up and building to match Russia’s production rates. Building a new factory, training staff, etc. takes a lot of money and time. Russia is years ahead in many of these areas. Building up from zero is far more expensive than increasing the number of shifts of an existing factory.
So with parity in spending, Russia will have much stronger capabilities than Europe. Europe needs to outspend Russia significantly to catch up and match.
It's so frustrating how long Europe has been ignoring its need to be self sufficient in military defence. Even with a literal war going on next door and russia actively turning the political systems upside down.
EU defense needs to get upped, functional and efficient asap.
That said, Im not sure which data was used here by FT, but reports I've read include Russia currently adding repairing ancient (WWII ) military equipment to a net total production value. I.e. the real added value is considered much lower.
What happening with drones on Ukraine shows that money doesn't always translate to success. When a couple hundred dollar drone can destroy a million dollar tank spending doesn't seem a good proxy