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Russia To Spend $600 Billion On Defence And Security By 2025: Report


Russia to spend $600 billion on defense and security by 2025: Report

Russia will spend a total of 18.5 trillion rubles in 2022-2025 on defense.

London:

Russia is planning to spend a total of 34 trillion rubles ($600 billion) on defense, security and law enforcement between 2022 and 2025 under its latest spending plan, a source familiar with the matter said. Treasury calculations told Reuters on Friday.

Russia is engaged in a costly military operation in neighboring Ukraine, which this week announced the mobilization of another 300,000 troops.

According to the latest figures, Russia will spend a total of 18.5 trillion rubles in 2022-2025 on defense, of which 4.7 trillion rubles will be spent this year.

Earlier, Moscow planned to spend 3.5 trillion rubles on defense this year out of a total of 10.9 trillion in the period 2022-2024.

Spending on security and law enforcement is expected this year to remain unchanged at 2.8 trillion rubles. 15.6 trillion rubles is expected to be spent between 2022 and 2025 compared to the previous allocation of 8.7 trillion for the period 2022-24.

The source does not provide additional analytical information or other details. The Treasury Department declined to comment. (1 dollar = 56.2500 rubles)

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)



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