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 ...
About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment banker.
Moscow had already ramped up military spending to levels not seen since the Soviet era, pumping out missiles and drones to fire on Ukraine and paying lucrative salaries to its hundreds of thousands of ...
MOSCOW – President Vladimir Putin has grown ... which has accelerated under record military spending. That has contributed to the view within a section of the Russian elite that a negotiated ...
Putin approved a record-breaking defence budget, setting aside 32.5 percent of the government's total spending for 2025, worth US$126 billion. Craig Kennedy said Russia has followed a two-track ...
The Kremlin has ramped up spending to record levels ... higher rates of return. Russia is spending almost nine percent of its GDP on defence and security, according to Putin, and military spending ...
President Vladimir Putin has grown increasingly ... which has accelerated under record military spending. That has contributed to the view within a section of the Russian elite that a negotiated ...