Russia to spend $600 billion on defense and security by 2025: report

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Russia will spend a total of 18.5 trillion rubles on national defense in 2022-2025.

London:

Russia plans to spend a total of 34 trillion rubles ($600 billion) on national defense, security and law enforcement between 2022 and 2025 according to its latest spending plan, a source familiar with Treasury Department calculations told Reuters on Friday. .

Russia is engaged in a costly military campaign in neighboring Ukraine, for which it announced the mobilization of another 300,000 troops this week.

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According to the latest figures, Russia will spend a total of 18.5 trillion rubles on national defense in 2022-2025, of which 4.7 trillion this year.

Earlier, Moscow planned to spend 3.5 trillion rubles on national defense this year, out of a total of 10.9 trillion over the 2022-2024 period.

Expected spending on security and law enforcement this year remains unchanged at 2.8 trillion rubles. The 15.6 trillion rubles expected to be issued between 2022 and 2025 compares with a previous allocation of 8.7 trillion rubles for the period 2022-24.

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The source gave no further breakdown or other details. The Treasury Department declined to comment. ($1 = 56,2500 rubles)

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