Russia spending over $85 billion on military this year: Report

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Russia spending over $85 billion on military this year: Report
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Moscow 'is attempting to restrain spending on the war to minimize the domestic impact,' according to a Swedish think tank.

Russia's military spending budget for 2023 is around 6.6 trillion rubles, which equates to approximately $85.8 billion, according to a new report from the Stockholm International Peace Research Institute .

The Swedish think tank added that Moscow's military spending in early 2023"seemed to accelerate beyond the budgeted amount," but the rate of spending was still somewhat similar to that in early 2022 and"does not suggest any unusual surge." Russian President Vladimir Putin meets soldiers during a visit to a military training center outside the city of Ryazan on October 20, 2022. A Swedish think tank says the country's military budget for 2023 exceeds $85.5 billion."Analysis of Russia's military spending has become increasingly difficult as the government has limited the access to information on budget spending," the report said.

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