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اقتصاد سكاي نيوز عربية
Russian defense spending hits peak
Russia is heading towards recording its highest level of military expenditure in its history during 2026, expected to reach around 17 trillion rubles (approximately $199 billion), an increase of about 40% over the original plan. This surge aims to bolster its military capabilities amid ongoing and escalating conflict in Ukraine. The increase comes after prospects for a political settlement diminished, prompting Moscow to heavily fund its defense industries. Financial deficits have risen to over 7 trillion rubles, compensated for by expanding borrowing and selling gold reserves. This coincides with Russia intensifying its military operations in Ukraine and targeting infrastructure. The government anticipates military spending will continue to rise until 2029, amid heightened tensions with Europe, which Putin has warned could face the full extent of Russia’s arsenal if attacked. The current figures and policies depict Moscow’s preparedness for a prolonged conflict that demands substantial financial resources, with no intention of retreating from the war or easing its confrontation with the West.
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