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Putin says Russia plans to cut military spending from next year

  • Amid falling energy revenues, Russia’s 2025 budget deficit is projected at 1.7% of GDP, straining fiscal reserves amid high inflation, prompting planned defense spending cuts from 2026.
  • Data show Russia’s 2025 defense spending at 6.3% of GDP , with NATO aiming for 5% over a decade.
  • Putin's 2026 military spending cuts, confirmed by Putin, may restrict PMC external operations amid private-sector demand and debt challenges, impacting Russia’s defense industry.
  • Putin's planned defense cuts from 2026 may redirect funds to energy infrastructure, influencing regional relations and global markets, as Russia balances economic pressures and geopolitical shifts.
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Lean Left

Russia has invaded Ukraine militarily. The US and Russia have begun talks on Ukraine. Follow the latest news on the war in Ukraine minute by minute.

·Bratislava, Slovakia
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ReutersReuters
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Center

Putin says Russia plans to cut military spending from next year

President Vladimir Putin said on Friday that Russia was looking to cut its military expenditure from next year, contrasting that with NATO's plan to ramp up defence spending over the next decade.

·United Kingdom
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Lean Left

While NATO has announced that Alliance countries will increase their defence spending, Vladimir Putin indicates that Russia will reduce its military budget.

Center

Following the recent decision by NATO Member States to spend 5% of their gross domestic product (GDP) on defence spending by 2035, Putin announced that Russia, for its part, would cut its spending. ...

·Brussels, Belgium
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  • 45% of the sources lean Left
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The Telegraph broke the news in London, United Kingdom on Friday, June 27, 2025.
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