Russia's 2025 Budget Raises Defense Spending by 25%, As Inflationary Pressures And High Interest Rates Weigh On Consumers
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MSN
Russia's 2025 Budget Raises Defense Spending by 25%, As Inflationary Pressures And High Interest Rates Weigh On Consumers
Russia's ambitious draft budget for 2025 to 2027 highlights a sharp rise in defense spending, projecting 25% more than the 2024 level. This accounts for more than 6% of Russia's GDP. The country has adapted its economy for war, focusing heavily on military production and circumventing sanctions since its invasion of Ukraine in 2022. Russia's ...
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OAN’s Daniel Baldwin explains how Russia’s war economy is hitting a wall as exports plummet and inflation crushes consumers. Despite years of high military spending, Moscow’s growth has sharply slowed in 2025, with GDP sliding and trade revenues collapsing. | One America News Network
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OAN’s Daniel Baldwin explains how Russia’s war economy is hitting a wall as exports plummet and inflation crushes consumers. Despite years of high military spending, Moscow’s growth has sharply slowed in 2025, with GDP sliding and trade revenues collapsing. | One America News Network
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