Russia's military spending is almost certainly high, putting pressure on its public finances.
According to Yevropeiska Pravda, this was stated on Tuesday in the British Ministry of Defense's intelligence review of the war in Ukraine.
On May 25, 2023, the Stockholm International Peace Research Institute (SIPRI) reported that Russian military spending in 2022 increased by 9.2% to $86.4 billion. According to SIPRI, this is equal to 4.1% of Russia's GDP.
As noted by British analysts, Russia's true military spending is extremely uncertain due to the increased use of classified budget items, especially since February 2022, and the lack of transparency.
"Russia has only recently resumed publishing a breakdown of expenditures by item after suspending it in May 2022. It is almost certain that military spending remains high, and this is putting pressure on Russian public finances," the British Ministry of Defense said in its review.
Author - Olena Madiak, 30/05/2023