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Russia announces arms-spending hike Russia announces arms-spending hike
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Defense Minister Sergey Shoigu says increasing spend by 50% in 2023 will ensure combat-ready units are saturated with weaponsDefense Minister Sergey Shoigu says increasing spend by 50% in 2023 will ensure combat-ready units are saturated with weapons
Russia is on track to spend nearly one and a half times on defense next year as in 2022, the country’s Defense Minister Sergey Shoigu has revealed. The official on Wednesday explained that the hike will help ensure a 97%-saturation of combat-ready units with weaponry and hardware. Russia is on track to spend nearly 1.5 as much money on defense next year as in 2022, the country’s Defense Minister Sergey Shoigu has revealed. The official explained that the hike will help ensure a 97%-saturation of combat-ready units with weaponry and hardware.
In late September, media outlet Vedomosti claimed, citing government documents, that Moscow had spent 4,679 trillion rubles on defense ($77 billion). According to the article, this figure is expected to further rise in the next two years, projected to reach some five trillion in 2023. Meanwhile, in late September, Vedomosti media outlet, citing government documents, claimed that Moscow spent 4,679 trillion rubles on defense ($77 billion) in 2022. According to journalists’ estimates at the time, the figure was expected to further rise next year and reach some five trillion rubles. The article also claimed the upward trend would continue into 2024.
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