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VisitRussia Increases Military Size and $145 Billion Defense Budget Amid Ukraine War
Oct 1, 2024, 02:13 AM
As Russia's war against Ukraine continues, President Vladimir Putin has increased the size of the Russian military to over 1.5 million troops. The Russian government has also announced a significant rise in defense spending. The draft budget for 2025, sent to the Duma, includes a nearly 25% increase in defense spending and a 25.6% increase in funding for President Putin and his administration. Overall, 41% of all government expenditures are allocated to the military, amounting to $145 billion for 2025, marking a 30% increase in defense spending.
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Markets
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Official Russian government announcements, verified by credible news sources
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Official Russian government budget documents, verified by credible news sources
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Official Russian government budget reports, verified by credible news sources
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Change in military leadership • 25%
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Change in government leadership • 25%
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Diplomatic negotiations initiated • 25%
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Increased military aid to Ukraine • 25%
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Russia gains significant ground in Ukraine • 25%
Ukraine maintains current positions • 25%
Stalemate with no significant changes • 25%
Credible news sources and military reports