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Friday, February 7, 2025

Russia's defense budget approved by Putin. It's record-breaking

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Russia's defense budget: President of Russia Vladimir Putin approved record defense budget. It accounts for as much as one third of Russia's total expenditure. The budget published on Sunday envisages allocating about $126 billion (13.5 trillion rubles) in 2025 to national defense, which is exactly 32.5 percent. government spending.

A record was broken: This is the budget for the next three years and is $28 billion (3 trillion rubles) higher than the previous one. The budget, which was approved by both houses of the Russian parliament, provides for a small amount reduction of military spending in 2026 and 2027. Russia has more weaponsmore ammunition and more soldiers from Ukraine, but the economy is increasingly feeling the burden of the war against Ukraine.

Watch the video Vladimir Putin responds to Joe Biden's decision. Russia changes its doctrine of the use of nuclear weapons

Economic problems: Russia has increased significantly military spending over the last two years, and its economy is now showing signs of overheating: inflation is highand companies are struggling with labor shortages. Trying to influence the situation Russian central bank raised interest rates to 21 percent. in October, the highest level in decades. In addition, the ruble is losing value significantly.

Agreement with Russia?: A few days ago President of Ukraine Volodymyr Zelensky suggested that in exchange for NATO membership his country may consider agreement with Russia. He stated that such an agreement would be possible even if Moscow did not withdraw immediately occupied Ukrainian territories. The Ukrainian leader added that the invitation to join NATO should include Ukraine within internationally recognized borders, but that membership in the alliance could probably cover only unoccupied areas.

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See also: Read about Russia's economic problems in the text entitled “The ruble is sinking. Russians have a problem. Household appliances are up. An unpleasant surprise with vegetables”.

Sources:
IAR, CNN.



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