The Russian Ministry of Finance has reported a budget deficit of 2.7 trillion rubles (31 billion dollars) for the first two months of 2025, more than double the amount planned for the entire year. The ...

The amount of Russia's military spending that is funded through a shadow financing scheme could be equal to its official military budget and may be contributing to rising inflation risks in the ...

That's well-above the current military budget, which encompasses 3.9% of Russia's GDP. "The record defense spending shows that the Kremlin has no intention of ending its war against Ukraine ...

You can get in touch with Maya by emailing [email protected]. If Russia commits to decreasing its military spending, it could have profound ramifications in terms of ending the war with ...

Despite being outmatched by Russia’s defense spending, European military expenditures also went up by 11.7 percent, reaching $457 billion, according to IISS. Germany’s defense budget went up ...

In 2020, Russia spent $61.7bn on its military, which accounted for 11.4 percent of government spending. In comparison, Ukraine spent $5.9bn on its armed forces, or 8.8 percent of government ...

After a brief decline, spending began rising again in response to new security threats, including China's growing military presence in the Pacific and Russia's invasion of Ukraine. Notably ...

NATO member states continue building up their military expenditures despite the slump in GDP during the pandemic, and this spending together with US appropriations exceed the Russian Army budget ...

Meanwhile, Lithuania, located in the immediate vicinity of Russia, has announced a military budget of up to 6% of GDP next year – twice what it spent in 2024. Behind these abstract figures are ...

The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of Ukraine has persisted for nearly three years, according to an analysis from ...