Victory is the main goal, says Finance Minister Anton Siluanov about Russia’s war of aggression, which violates international law. This is where the country is focusing.
As part of its war of aggression against neighboring Ukraine, Russia plans to increase its military budget to almost a third of the total budget.
According to statements by Finance Minister Anton Siluanov at a plenary session of parliament, the defense budget is expected to increase to 10.8 trillion rubles (around 110 billion euros) in 2024. In total, spending next year is planned at 36.7 trillion rubles (370 billion euros). Victory is the main goal on which the state budget and resources must be focused, Siluanov said.
In the current year, only about half of this money was planned for the defense budget. However, according to media reports, this amount was already exceeded by the middle of the year and the military budget was significantly increased.
Russia attacked Ukraine 20 months ago in violation of international law and has occupied parts of the neighboring country ever since. As a result of the attack, Moscow was hit with several packages of sanctions by the West, which are primarily intended to affect the Russian government, the arms industry and the export trade. Despite these sanctions, Russia continues to receive support from countries such as China, Iran and North Korea.
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
