The full bills of Russia for protection in 2024 elevated by 42% and amounted to 13.1 trillion rubles, which is equal to 462 billion {dollars} by buying energy parity, reported On February 12, the Monetary Instances, referring to the info of the British Worldwide Institute for Strategic Analysis (IISS).
In response to the publication, Russian army spending exceeded the protection budgets of all international locations of the European Union and Nice Britain mixed. Their complete protection bills in 2024 elevated by 12% to $ 457 billion.
In response to IISS, Russian army spending in 2025 will improve by 13.7% to fifteen.6 trillion rubles.
In absolute phrases, Germany ($ 86 billion), Nice Britain ($ 81 billion) and France ($ 64 billion) had been most spent on protection in Europe. In curiosity, Estonia (4% of GDP) and Poland (3.25% of GDP) paid essentially the most, however their absolute quantity of bills has lower than the three largest economies in Europe: 1.7 billion and $ 28 billion, respectively.
