Russian President Vladimir Putin has approved a record-breaking defense budget for 2024, dedicating approximately one-third of the nation’s total expenditure to military activities.
This substantial increase, reaching an estimated $142 billion, marks a 25% rise from the previous year, underlining Russia’s commitment to its operations in Ukraine. Military personnel numbers are also set to rise, with plans to expand the armed forces to 1.5 million troops.
This defense allocation has sparked global concern, with analysts noting the economic strain it places on Russia. Meanwhile,
Ukraine continues to counter with advanced weaponry and drones, intensifying the conflict. The move reflects Moscow’s strategic prioritization of military dominance in the region and comes as international pressures for de-escalation mount.
