Russia spent 2 trillion roubles (US$26 billion) on defence in January and February alone, a 282 per cent jump on the same period a year ago, data on the budget portal showed, illustrating the spiralling costs for Moscow of its conflict in Ukraine. Rising military production and huge state spending are keep
Russia spent 2 trillion roubles on defence in January and February alone, a 282 per cent jump on the same period a year ago, data on the budget portal showed, illustrating the spiralling costs for Moscow of its conflict in Ukraine.
In the first two months of 2022, 525.4 billion roubles of budgetary funds were spent on"national defence". Russia launched what it calls a"special military operation" in Ukraine on Feb 24 last year. According to the new data, defence spending amounted to 1.18 trillion roubles in January and 822.4 billion roubles in February.
Data published last week showed that Russia's budget deficit stood at 3.4 trillion roubles for January to April, compared with a 1.2-trillion-rouble surplus in 2022, as Moscow has spent heavily and energy revenues have dropped.
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