Russia to raise defence budget by 25% to highest level on record

30/09/2024 20:23 The Guardian

Draft documents say defence and security will make up 40% of government spending as Putin continues war against UkraineRussia is to increase its spending on defence by 25% to its highest on record, as Vladimir Putin vows to continue his war efforts in Ukraine and further escalate his standoff with the west.The latest planned increase in spending will take Russia’s defence budget to a record 13.5tn rubles (£109bn) in 2025, according to draft budget documents published on Monday on the parliament’s website. That is about 3tn rubles more than was set aside for defence this year, which was the previous record. Continue reading...

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