Russia Bulks Up Military Spending Amidst Inflation

Posted on 11/30/2023

Russia will be increasing military spending after Russia’s parliament approved a budget that’s 25% higher than last year’s for 2024-2026. The budget received unanimous support. Social spending will now be eclipsed by military spending. Inflation has been a concern in Russia as elsewhere. The Central Bank of the Russian Federation has already raised its lending…

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