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Russia Plans To Spend $600 Billion On Defense And Security By 2025

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Russia plans to spend 34 trillion roubles ($600 billion) on national defense, security, and law enforcement between 2022 and 2025, according to a person familiar with finance ministry estimates, Reuters reported on Friday.

This week, Russia ordered an additional 300,000 soldiers to mobilize for its expensive military assault in neighboring Ukraine.

READ MORE: Biden Says US Will Never Accept Russia’s invasion Of Ukrainian Territory

According to the most recent data, Russia will spend 18.5 trillion roubles on national defense between 2022 and 2025, of which 4.7 trillion will be spent this year.

Previously, Moscow had anticipated spending 10.9 trillion roubles on national defense from 2022 to 2024, or 3.5 trillion roubles this year.

The 2.8 trillion rouble estimate for this year’s security and law enforcement expenditures has not altered.

However, in contrast to the 8.7 trillion roubles initially allocated for 2022–2024, 15.6 trillion roubles are anticipated to be spent between 2022 and 2025.

The insider didn’t provide any more breakdowns or information. The ministry of finance chose not to comment. (1 dollar Equals 56.25 roubles)

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