The Russian Ministry of Finance has reported a budget deficit of 2.7 trillion rubles (31 billion dollars) for the first two ...

By Darya Korsunskaya and Alexander Marrow (Reuters) -Soaring government spending pushed Russia's budget deficit to 2.70 ...

Since Russia’s full-scale invasion of Ukraine three years ago and the subsequent imposition of tough economic sanctions, the ...

The Russian president says he agrees with Donald Trump's aim to slash arms expenditure by 50 percent, after peace is achieved.

Since 2021, the year before the war began, Russian military spending has climbed by nearly 60%, while Ukraine’s defense budget is now nine times larger than it was three years ago. In many other ...

A retired British general who was one of NATO's senior commanders has warned that Russian President Vladmir Putin would wreak havoc in Europe if Ukraine capitulates ...

Europe, despite its economic and military strength, cannot stand alone against Russia due to its reliance on NATO and the US.

Global defence expenditure hit $2.46 trillion in 2024, with the US ($916 billion), China ($296 billion), and Russia ($109 ...

Russia’s economy, as often noted ... Its condition is dire, as one study noted, partly because the military budget amounts to 40 percent of all public spending, and partly because oil revenue ...