Russia Boosts Defense Budget by 30%, Surpassing Soviet-Era Levels Amid Ukraine Conflict

October 2, 2024
Russia Boosts Defense Budget by 30%, Surpassing Soviet-Era Levels Amid Ukraine Conflict
  • Russia is set to boost its defense spending by 30% in the coming year, raising its defense budget to approximately 145 billion dollars for 2025.

  • Recent budget documents from the Russian parliament reveal that defense and security expenditures will comprise about 40% of the total government spending.

  • In 2025, defense spending is projected to exceed 32% of the federal budget, overshadowing allocations for pensions, education, and health combined.

  • This significant increase in military funding indicates a shift of the Russian economy to a war footing, with military priorities taking precedence even if the conflict in Ukraine were to conclude.

  • Despite the ongoing human and economic costs, the Kremlin remains committed to continuing military operations in Ukraine, emphasizing its strategic objectives.

  • Russia's military spending has reached levels not seen since the Soviet era, as the country intensifies its offensive in Ukraine with a substantial increase in missile and drone production.

  • Western analysts highlight that the Russian economy is facing vulnerabilities due to the Ukraine invasion, leading to rising inflation and interest rates.

  • While Ukraine receives significant military and financial support from Western allies, Russian forces are reportedly better equipped and making advances in eastern Ukraine.

  • The Russian government has announced the conscription of an additional 133,000 young men for mandatory military service, adding to the 150,000 previously enlisted.

  • As the Russian government increases defense spending, there is growing discontent among citizens, particularly the elderly, who express concerns over the lack of funds for healthcare and basic needs.

  • In Kyiv, President Volodymyr Zelenskyy called for continued support from Western allies as the nation commemorates fallen soldiers amid the ongoing conflict.

  • President Putin has criticized Western elites for allegedly turning Ukraine into a military base against Russia, intensifying the rhetoric surrounding the conflict.

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