Russia may be in the middle of an economic crisis, but the country’s defence budget is surging. Military spending is set to rise by an astonishing 33% this year, according to the Associated Press. That follows double-digit percentage increases in previous years, and will make it Russia’s highest defence budget ever, running to 4.2% of GDP, according to the Moscow Times. What’s it being spent on? Russia is modernising a huge amount of its military equipment, much of which has been languishing with Soviet-era design for the past three decades. This includes new equipment for Russia’s ground forces, as well …read more
Source: Business Insider
