Russia plans to raise defense spending to levels not seen since the Soviet Union’s collapse, according to its 2027 draft budget.
Revealed on Thursday, 1st October, Russia is set to allocate 17.1 trillion Rubles ($205.2 billion) to fund its ongoing full-scale invasion of Ukraine.
Tu-160 Up Close. Image Credit: Creative Commons.
Tu-160 bomber Creative Commons Image
This new allocation is a 26% increase over what was previously earmarked for 2027.