Putin approves a third of Russia’s total budget for national defense

The highest budget for defense spending the country has ever seen

Stars Insider

02/12/24 | StarsInsider

LIFESTYLE World leaders

On December 1, Russia published its budget for 2025. It revealed that President Vladimir Putin had approved a record amount for national defense as resources are drained amid the ongoing war in Ukraine.

The new budget will be around US$126 billion (13.5 trillion rubles), which is about $28 billion (3 trillion rubles) higher than the budget for 2024 and amounts to a third of the total government spending for the entire year. This makes it the highest budget for defense spending in Russian history.

Russia’s war with Ukraine has been recognized as the largest conflict in Europe since World War II and resources from both sides have been drained as a result. Russia has significantly increased its military spending since the war began, and the Russian economy has taken a hit, with interest rates at their highest in decades. However, the budget forecasts for the upcoming three years and predicts a small reduction in military spending after 2025.

As Putin continues to make surprising and drastic decisions, we take a look at how a boy from Leningrad grew up to become one of the most powerful men in recent history. Click through to find out more about Vladimir Putin's life and career.

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