Russian President Vladimir Putin has introduced plans to extend army spending to $142 billion by 2025. This represents a big enhance from the present funds of $61.7 billion. The transfer comes amid heightened tensions with the West and considerations about NATO growth.
The elevated spending will probably be used to modernize Russia’s army, together with the event of latest weapons techniques and the acquisition of superior tools. Putin stated that the spending is critical to make sure Russia’s safety and to take care of its standing as a world energy.
