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"UK Suffers Around W4 Trillion in Annual Losses Due to Russian Hostile Actions"

"UK Suffers Around W4 Trillion in Annual Losses Due to Russian Hostile Actions"
▲ The UK flag (file photo)

The UK daily Financial Times (FT) reported on the 7th local time that the UK is estimated to suffer around 4 trillion won in losses annually due to Russia's hostile actions.

Citing a report released that day, the FT reported that the UK incurs at least 2 billion to 2.5 billion pounds—approximately 3.545 trillion to 4.43 trillion won—in damages each year from Russia's "hybrid" attacks, which combine various operations such as cyberattacks.

The report was published by Graeme Downie, a member of the ruling Labour Party and vice chair of an All-Party Parliamentary Group (APPG) established by the UK Parliament to study rearmament.

Titled the "Putin Tax," the report calculated the scale of damage by aggregating the costs associated with Russian sabotage against the UK, as well as expenses for recovery and restoration.

Key examples of damage from Russia-linked hybrid attacks include cyberattacks, losses to subsea communication cables and related infrastructure, and attacks on the UK postal and courier company Royal Mail and suppliers to the UK National Health Service (NHS).

Downie stated, "The UK government has omitted data, making it difficult to calculate the exact scale of damage caused by Russia's hybrid operations," adding that "the actual scale of damage is likely much greater."

He pointed out that it is shocking this is the first time the scale of damage from these types of attacks has been seriously measured, noting, "If we are not honest with the public about the threats we face, we cannot stop Russia or anyone else."

Downie further urged that the UK government should report the estimated damage from other countries' hostile actions to Parliament every year and publish annual assessments of foreign-linked cyberattacks.

(Photo: Getty Images)
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