Petr Pavel says most likely outcome of war is that parts of Ukraine will be left under Russian occupation
Russia plans to maintain defence spending at an historic high in 2025, Bloomberg News reports, suggesting that the Kremlin intend to continue its invasion of Ukraine for the foreseeable future.
The Kremlin is increasing up the spending as its forces slowly advance in eastern Ukraine. The Russian government has raised personal and corporate taxes to plug holes in the budget.
Draft three-year budget proposals seen by Bloomberg News show the government intends to increase defense spending to 13.2tn rubles ($142bn) in 2025 from 10.4tn rubles projected for this year, putting it at 6.2% of gross domestic product.
Military expenditure is planned to decline to 5.6% of GDP in 2026 and 5.1% in 2027, according to Bloomberg calculations based on the draft data.
Continue reading… The Guardian Read More Petr Pavel says most likely outcome of war is that parts of Ukraine will be left under Russian occupationRussia plans to maintain defence spending at an historic high in 2025, Bloomberg News reports, suggesting that the Kremlin intend to continue its invasion of Ukraine for the foreseeable future.The Kremlin is increasing up the spending as its forces slowly advance in eastern Ukraine. The Russian government has raised personal and corporate taxes to plug holes in the budget.Draft three-year budget proposals seen by Bloomberg News show the government intends to increase defense spending to 13.2tn rubles ($142bn) in 2025 from 10.4tn rubles projected for this year, putting it at 6.2% of gross domestic product. Military expenditure is planned to decline to 5.6% of GDP in 2026 and 5.1% in 2027, according to Bloomberg calculations based on the draft data. Continue reading…
