Russia military spending

Russia’s war spending set new record despite secrecy

Russia’s military budget expenditures in the first half of 2025 hit a new all-time high — 8.48 trillion rubles ($105.5 billion), The Moscow Times wrote on Aug. 27.

28 August 2025, 12:20 PM

To keep funding war, Russia braces for austerity

The Kremlin is preparing to raise taxes and trim budget spending to preserve its financing of the war against Ukraine, even as Russia’s budget deficit widens and oil and gas revenues shrink under Western sanctions, Reuters reported on Aug. 20.

21 August 2025, 12:52 AM

Budanov: Russia to spend $1.1 trillion on military buildup by 2036

Russia intends to spend about $1.1 trillion on rearming its military by 2036, Ukrainian military intelligence chief Kyrylo Budanov said on July 22.

22 July 2025, 03:51 PM

Russian economy is 'overheating' under war pressure - ISW

Russia’s Central Bank is masking long-term instability with short-term fixes, therefore making it vulnerable to Donald Trump’s proposed secondary sanctions, the Institute for the Study of War (ISW) wrote on July 17.

18 July 2025, 12:27 PM

Russian Urals oil price plummets as Kremlin boosts war spending

The price of Russia’s flagship Urals crude oil has dropped to $50 per barrel amid a global oil price slump, intensifying pressure on the Kremlin’s budget as it ramps up war spending against Ukraine, Bloomberg reported on April 7.

7 April 2025, 05:37 PM

Putin plays along Trump’s defense cuts call

Russian dictator Vladimir Putin expressed readiness to negotiate US President Donald Trump’s proposal to slash military spending, The Moscow Times reported on Feb. 25.

25 February 2025, 09:43 AM

Zelenskyy: Europe must create its own army to ensure security

Europe must create its own army to ensure its future depends solely on Europeans, and "this is no harder than standing strong against Russia’s attacks," Ukrainian President Volodymyr Zelenskyy said on Feb. 15 at the Munich Security Conference.

15 February 2025, 04:12 PM

Russia military spending