Russia to Boost Military Spending to 40% of State Budget in 2025 – Bloomberg
Russia plans to boost defense spending to 13.2 trillion rubles ($142 billion) in 2025 from 10.4 trillion rubles projected for this year, Bloomberg reported Monday, citing draft budget proposals it had seen. That increase would represent 6.2% of Russia’s projected GDP, a historically high figure as the war in Ukraine shows little sign of ending…
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