war in Ukraine
London: Russia’s military spending weighs on public finances
A damaged military vehicle can be seen in this handout photo released by the Telegram channel of the governor of the Belgorod region. photo
© Uncredited/Belgorod region governor Vyacheslav Gladkov telegram channel/AP
How much Russia is currently spending on its military is not clear. However, intelligence experts assume that government finances are under severe pressure.
According to British intelligence experts, Russian government finances are under pressure from military spending. This emerges from the daily intelligence report from the Ministry of Defense in London.
According to the Stockholm peace research institute Sipri, Russia’s defense spending in 2022 amounted to 4.1 percent of the country’s gross domestic product. How much Moscow actually spends on its armed forces is highly uncertain due to a lack of transparency. “It is almost certain that military spending will continue to increase and this is putting pressure on Russian government finances,” the statement said.
The Ministry of Defense in London has been publishing daily information on the course of the war since the beginning of the Russian war of aggression against Ukraine, citing intelligence information. Moscow accuses London of a disinformation campaign.