Tag: Russian state budget

Increased Defense Spending Seen Leaving Russia ‘without Missiles or a Fleet’

November 6, 2015

Staunton, November 5 – Moscow’s revised budget, one that provides for large increases in spending for the military and government structures along with reductions in investment in human capital, means that Russia could soon find itself “both without scholars and without missiles or a fleet,” according to a study by Moscow’s Higher School of Economics.” […]

Putin’s Wars Already Costing Russia Nearly US $100 Billion a Year, Illarionov Says

October 14, 2015

Staunton, October 11 – Estimating the real costs, direct and indirect, of a military conflict is always difficult because so many factors need to be considered, but Moscow economist Andrey Illarionov says that even if one ignores direct human and property losses, Vladimir Putin’s wars are currently costing Russia approximately US $94 billion every year. […]