Russia will increase its military spending by almost 30% next year, according to a draft budget published Monday. The 2025 budget will take Russia’s military spending up to $145 billion ...

In Russia's draft state budget for 2025, defense expenditures are set at 13.5 trillion rubles (approximately $145 billion). This represents an increase of nearly one-third compared to 2024 ...

It is fair to say that the global tab for addressing the world’s acute humanitarian or ecological needs pales in comparison ...

Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from ...

A British military spending boost, including new attack subs and long-range weapons, will make the U.K. "a battle-ready, ...

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 ...

KYIV, Ukraine — The Russian government wants to earmark 32.5% of its spending next year for defense, a record amount and up from a reported 28.3% this year, as Moscow seeks to prevail in the war ...

In 2024, the Kremlin's spending on the war with Ukraine will reach a record RUB 16.3 trillion (around US$147.5 billion), more than 8% of its GDP and 41% of the total central budget. Driven by an ...

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 ...

Defense spending surged last year by the most since ... rushing to bolster their security in the face of threats from Russia. Military expenditure worldwide rose 9.4% from 2023 to just over ...

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 ...