Putin’s wartime economy is heading for catastrophe
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Vladimir Putin this week announced an increase in Russia’s defence forces to just shy of 2.5 million personnel. It was the fourth increase this year.
Russia’s defence budget is now 7.5% of GDP, the highest that defence spending has been since the Russian Federation was created in 1991.
The country is on the verge of full-scale war mobilisation; 20% of the federal budget is currently allocated to defence. That figure will increase to 35% next year. Add in national security issues to include
Russia’s defence budget is now 7.5% of GDP, the highest that defence spending has been since the Russian Federation was created in 1991.
The country is on the verge of full-scale war mobilisation; 20% of the federal budget is currently allocated to defence. That figure will increase to 35% next year. Add in national security issues to include
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