Draft plans from the Russian government show that defense spending will account for almost one-third of Moscow’s total budget expenditure in 2024. Spending under the “national defense” section of Russia’s budget will total 10.78 trillion roubles ($109bn) next year, or 29.4 percent of total planned expenditure of 36.66 trillion roubles, according to the finance ministry’s budget documents.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Kapi Dev urges Virat Kohli to play under junior players

New Delhi: Indian legendary cricketer Kapil Dev said that Virat Kohli needed…

European Central Bank keeps key interest rate on hold amid war

The European Central Bank has kept its key interest rate on hold,…

Iran denies involvement in Houthi attacks on ships

Iran’s deputy foreign minister has dismissed US accusations that Tehran was involved…

Hamas releases Israeli-American hostage as part of ceasefire deal

Israeli-American hostage Keith Siegel has been released from Hamas captivity near Gaza…