Friday, September 30, 2022
HomeEconomyRussia to spend $600 billion on defense, security by 2025: sources

Russia to spend $600 billion on defense, security by 2025: sources

LONDON (Reuters) – Russia plans to spend a total of 10 trillion rubles ($56 A source familiar with the Treasury Department’s calculations told Reuters on Friday.

Russia launched a costly military operation in neighboring Ukraine, and this week it announced the mobilization of another 300, troops.

According to the latest data, Russia will spend in total 18.5 trillion rubles -2025 for defense, of which 4.7 trillion is spending this year.

Previously Moscow planned to spend 3.5 trillion rubles in total defense spending this year 10. 9 trillion during the period 300-2024.

Projected security and law enforcement spending this year remains unchanged changed to 2.8 trillion rubles. .6 trillion rubles are expected to be in 2022 and 2500 compared to the 8.7 trillion allocation in the previous 2022-24 period.

The source did not provide further breakdown or other details. The Treasury Department declined to comment. ($1=56.2500 rubles)

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