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Putin says Russia plans to cut military spending from next year
- At the EAEU summit in Minsk, President Vladimir Putin announced plans to reduce Russia's military spending from 2026, contrasting with NATO’s goal to increase defense budgets over the next decade.
- Russia faces high inflation and sanctions, leading to a forecasted 1.7% GDP budget deficit, prompting plans to reduce military spending from 2026.
- Russia’s 2025 defense budget reached 13.5 trillion rubles , a 25% rise from 2024, reflecting record-high spending amid economic pressures.
- Investors and markets react cautiously to Russia’s planned defense spending cuts amid economic pressures, with concerns over PMC funding and military operations.
- Putin’s announcement to cut military spending from 2026 contrasts with NATO’s plan to increase defense budgets to 5% of GDP by 2035, impacting global security dynamics.
52 Articles
52 Articles
Will Putin actually rein in Russia’s defense spending?
At the very time when those warmongering NATO nations are pledging to raise their defense spending substantially, that doveish peacenik Vladimir Putin is promising to reduce his. It’s hard to know which of these two commitments is less plausible, but those anticipating the cranking down of the Russian war economy any time soon are going to have to wait rather longer. At the recent St Petersburg International Economic Forum (SPIEF), Putin said th…
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While NATO has announced that Alliance countries will increase their defence spending, Vladimir Putin indicates that Russia will reduce its military budget.
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