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…
