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Russia Plans 30% Defense Spending Hike in 2025

According to a draft budget sent to Russia's parliament, defense spending is set to be more than twice the amount of social spending.

Moscow to Slash Funding for Occupied Ukrainian Territories – Forbes

This year, the occupied regions' dependence on the Kremlin’s coffers will reportedly fall to between 60% and 75%.

opinion Pavel Luzin and Alexandra Prokopenko

Russia’s 2024 Budget Shows It’s Planning for a Long War in Ukraine

By staking everything on rising military expenditure, the Kremlin is forcing the economy into the snare of perpetual war.

Russia Revises Defense Budget Plan Amid Soaring Military Expenditures – Reuters

Moscow has nearly doubled its defense budget plan after spending more in the first half of 2023 than originally targeted for the entire year.

Russia’s Budget Deficit Surpasses 2023 Target in January-April

The federal budget deficit has already reached $45 billion — higher than the government's target of $43 billion for the entire year.

Russia’s December Fiscal Deficit at Record-High – Bloomberg

Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...

Russian Government to Underspend by One Trillion Rubles in 2019

Government set to miss budget plans by biggest margin for nine years, Audit Chamber warns.

opinion Alexandra Prokopenko

The Race to Grab Russia’s Reserves

The National Wealth Fund is the last chance for state capitalists to get paid for practically nothing.

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