From The Japan Times · No Author · · 1m
Putin's Russia plans years of war spending
Russia's military spending surge signals Putin's long-term war strategy.
In brief
Russia's military spending surge signals Putin's long-term war strategy. Russia plans record war spending to sustain Ukraine conflict for years. Originally reported by The Japan Times.
Russia shifts military spending plans
Russia is preparing for the war in Ukraine to continue for years by planning record war spending, abandoning plans to rein in military outlays.
Putin prioritizes war over economy
The shift offers one of the clearest indications yet of how deeply embedded conflict has become in Russian President Vladimir Putin’s priorities, even as strain on the economy and public finances mounts.
Military spending jumps 40%
Projected military expenditures next year of 17.1 trillion rubles ($205 billion) would amount to an annual increase of more than 40% compared to this year’s planned defense outlays.
Spending rises 380% since 2022
and a nearly 380% rise from the year before the war began.
2028 spending forecast
Officials foresee it easing only slightly to 16.6 trillion rubles in 2028 and 16.3 trillion rubles in 2029.
The essence
Russia plans record war spending to sustain Ukraine conflict for years.
