Russian President Vladimir Putin has introduced plans to extend army spending to $142 billion by 2025. This represents a major improve from the present finances of $61.7 billion. The transfer comes amid heightened tensions with the West and considerations about NATO growth.
The elevated spending shall be used to modernize Russia’s army, together with the event of latest weapons methods and the acquisition of superior gear. Putin mentioned that the spending is critical to make sure Russia’s safety and to keep up its standing as a world energy.
