Russia's federal budget could see 40 percent of total spending going to the army and security forces.
Moscow's proposed spending plans for the next three years signal that Vladimir Putin has no intention of ending the war he started in Ukraine, an economic analyst has told Newsweek.A Bloomberg report this week has shown that Putin wants to push up defense spending in 2025, which is already at record levels, and comes as his Ukrainian counterpart Volodymr Zelensky is in the U.S. touting a 'victory plan' to end the war.
Grozovsky said that there is a stark difference between Russia's ability to increase its arms production and Ukraine's reliance on its Western allies, who are providing just enough weapons to keep its defenses from collapsing.'Putin has no such constraints,' he said. 'The Finance Ministry expects the 2025 budget to be almost deficit-free, despite a 27 percent increase in military spending.
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