Categories
The News And Times – thenewsandtimes.com

Putin to ramp up defence spending as war drags on ‘at expense of economy’


 Putin to ramp up defence spending as war drags on ‘at expense of economy’

posted at 07:35:04 UTC via express.co.uk

Vladimir PutinRussia’s defence spending is set to surge next year – UK’s MoD (Image: GETTY)

The British Defence Ministry reported that Russia is set to dramatically increase its defence spending in 2024, a worrying sign Moscow is preparing to continue its fight in Ukraine for years to come.

Mentioning documents “apparently leaked from Russia’s Finance Ministry”, the UK’s MoD said in its latest intelligence update shared on X, formerly Twitter, that “Russia’s defence spending is set to surge to approximately 30 percent of total public expenditure in 2024.”.

The assessment continued: “The ministry proposes a defence budget of 10.8 trillion roubles, equivalent to approximately 6 percent of GDP and a 68 percent increase over 2023.”

Russia, Britain’s MoD believes, can bear the brunt of a similar level of defence spending through the next year, “but only at the expense of the wider economy”.

The assessment also warned such a dramatic demand on the wider economy signals the Kremlin wants its troops to remain on the Ukrainian battlefields for years.

Russian Defense Minister Sergei ShoiguRussian Defense Minister Sergei Shoigu (Image: Getty)

It read: “Full details on Russian defence spending are always classified, but these figures suggest that Russia is preparing for multiple further years of fighting in Ukraine.

“This follows public comments by Defence Minister Sergei Shoigu on 27 September 2023, suggesting he was prepared for the conflict to continue into 2025.”

Mr Shoigu told Russian top military commanders during a meeting last week that their army “continues increasing its combat capacity”.

He continued: “Consistent implementation of measures within the framework of the action plan until 2025 will allow us to achieve the intended goals.”

This came after Russian President Vladimir Putin approved several manoeuvres to beef up the number of Russia‘s troops, including raising the conscription age for Russian men from 27 to 30.

Last winter, it also emerged the president wanted to bolster his country’s armed forces from 1.15 million to 1.5 million combat personnel.

Putin ordered the invasion of Ukraine in February last year. Following a lightning advance on Kyiv, many Russian commentators expected Volodymyr Zelensky‘s government and army to capitulate and concede defeat in just days.

But as Ukraine came together to resist Russia and the Western world provided military aid to Kyiv and economic sanctions against Moscow, the invasion turned into a long conflict.

While Russian air strikes regularly target several areas across Ukraine, the ground fighting has been focused in recent months on the southern and eastern fronts, where Kyiv is trying to gain back territories occupied and illegally annexed by Moscow.

Share

México is swimming against a tide of Western crackdowns on Russian espionage. While more than 600 suspected spies have been expelled from Russian embassies across Europe since its invasion of Ukraine in February 2022, the Mexican government in recent months has authorized 37 new diplomats in the Russian Embassy in Mexico City on top of the 49 already there, for a staggering 86, according to the foreign ministry´s Directory of Foreign Missions (which is no longer available to the public but I obtained). Russia currently has by far the largest diplomatic contingent than any other legation in Mexico City, including the American Embassy, which has 46 diplomats, not including diplomatic personnel in their nine consulates across the country.

NT-News-and-Times.png
Selected Articles – The News And Times

Russia’s defence spending is set to surge next year – UK’s MoD (Image: GETTY)The British Defence Ministry reported that Russia is set to dramatically increase its defence spending in 2024, a worrying sign Moscow is preparing to continue its fight in Ukraine for years to come.Mentioning documents “apparently leaked from Russia’s Finance Ministry”, the…
posted 3m ago via express.co.uk
 

ShareMéxico is swimming against a tide of Western crackdowns on Russian espionage. While more than 600 suspected spies have been expelled from Russian embassies across Europe since its invasion of Ukraine in February 2022, the Mexican government in recent months has authorized 37 new diplomats in the Russian Embassy in Mexico City on top of the 49 already…
posted 6m ago via spytalk.co
 

Protests erupted in the Georgian capital of Tbilisi this month after the country’s national bank refused to enforce sanctions placed on individuals by the US, UK and EU. Hundreds of individuals deemed to be acting on Russia‘s behalf or in Russia‘s favour were added to a list, although some appear to have been protected by the Georgian government….
posted 33m ago by Mike Nova via The South Caucasus News
 

UNION CITY, N.J. (AP) — Democratic U.S. Sen. Bob Menendez of New Jersey defiantly pushed back against federal corruption charges on Monday, saying nearly half a million dollars in cash authorities found in his home was from his personal savings, not from bribes, and was on hand for emergencies. Rejecting rising calls for him to resign, the influential…
posted 33m ago by Mike Nova via The South Caucasus News
 
US avoids shutdown after Congress passes funding bill  DW (English)
 
Nearly $1 billion Powerball jackpot on the line for tonight’s draw  CNNPowerball jackpot reaches $1 billion mark after no grand prize winner in Saturday’s drawing  Fox BusinessPowerball tops $1 billion after no jackpot winner Saturday night  ABC NewsPowerball jackpot skyrockets to massive $1.04 billion after no winner Saturday  CNNView Full Coverage…
posted 30m ago via Top Stories – Google News
 

President of Ukraine Volodymyr Zelensky has congratulated the defenders of Ukraine on their holiday, noting that no one will manage to ‘switch off’ Ukrainian resilience and courage.
posted 28m ago via Latest news – UkrInform
 

On the night of October 1, 2023, Russian troops launched a missile attack on the city of Kharkiv. Three enemy S-300 missiles hit the territory of a civilian enterprise.
posted 28m ago via Latest news – UkrInform
 
AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024  Devdiscourse

In an address marking a year since the illegal annexation of four Ukrainian regions, Putin insisted it was carried out “in full accordance with international norms.” READ MORE : https://www.euronews.com/2023/10/01/ukraine-war-putin-marks-one-year-since-illegal-annexation-of-ukrainian-regions Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1…
posted 21m ago by euronews via euronews (in English)
 
Congress passes 45-day funding bill to avert government shutdown  CBS NewsMcCarthy: ‘It’s only failure if you quit’  ReutersHouse adopts ‘clean’ stopgap funding bill possibly averting shutdown  Fox NewsSenate approves 45-day funding extension, sends to Biden for signature  KGUN 9 Tucson News
posted 20m ago via Top Stories – Google News
 

Saudi Arabia will not hold up a peace deal even if Israel does not offer major concessions to Palestinians in their bid for statehood, three regional sources familiar with the talks said.The Palestinians could get some Israeli restrictions eased but such moves would fall short of their aspirations for a state. As with other Arab-Israeli deals forged…
posted 19m ago via jpost.com
 

UNION CITY, N.J. (AP) — Democratic U.S. Sen. Bob Menendez of New Jersey defiantly pushed back against federal corruption charges on Monday, saying nearly half a million dollars in cash authorities found in his home was from his personal savings, not from bribes, and was on hand for emergencies.Rejecting rising calls for him to resign, the influential…
posted 37m ago via wtvm.com
 

Protests erupted in the Georgian capital of Tbilisi this month after the country’s national bank refused to enforce sanctions placed on individuals by the US, UK and EU.Hundreds of individuals deemed to be acting on Russia’s behalf or in Russia’s favour were added to a list, although some appear to have been protected by the Georgian government.On top…
posted 41m ago via express.co.uk
 

Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]   Tens of thousands…
posted 44m ago via apnews.com
 

The United States House of Representatives approved Saturday a stopgap measure to fund the federal government for 45 days and avoid an imminent government shutdown at midnight, Azernews reports, citing foreign media sources.
Democratic Sen. Menendez rejects calls to resign, says cash found in home was not bribe proceeds  WTVM
Armenia Says over 100,000 Refugees Flee Nagorno-Karabakh  Kyiv Post
The News And Times Information Network – Blogs By Michael Novakhov – thenewsandtimes.blogspot.com

The post Putin to ramp up defence spending as war drags on ‘at expense of economy’ first appeared on The News And Times – thenewsandtimes.com.