Russia’s Military Spending Projected to Reach 5.1% of GDP by 2025
Military Expenditures in Russia: Projected Growth and Economic Impact As of 2023, Russia’s military expenditures are experiencing a significant upward trend, with projections indicating that military spending will reach 5.1% of the country’s Gross Domestic Product (GDP) by 2025. This increase in defense budget allocation reflects Russia’s strategic priorities and geopolitical considerations. Key Highlights: Rising Defense Budget: A sustained increase in military spending, emphasizing…