10/3/2024 — Russia proposes record defense spending as it pursues victory in Ukraine

From: CNN Story by the Associated Press

The Kremlin wants to spend a record amount on defense next year. Contributor/Getty Images

The Russian government wants to earmark 32.5% of its spending for defense in 2025, a record amount and up from a reported 28.3% this year, as Moscow seeks to prevail in the war in Ukraine.

The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. That is about three trillion rubles ($32 billion) more than was set aside for defense in 2024, which was the previous record.

The Ukraine war is Europe’s biggest conflict since World War II and has drained the resources of both sides, with Ukraine getting billions of dollars in help from its Western allies.

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