US EditionGrowth in Russian military spending outpaces all European countries combined: Think tank
- Russian defense spending surpassed all European countries combined, reaching almost $146 billion in the past year, as reported by the International Institute for Strategic Studies .
- Bastian Giegerich from IISS stated that Russia may lack sufficient main battle tanks for effective operations beyond early 2026 due to significant losses.
- US Defense Secretary Pete Hegseth mentioned that it is unrealistic for Ukraine to return to its pre-2014 borders and ruled out US troop deployment to Ukraine.
25 Articles
25 Articles
Russia outspends Europe on defense as bloc looks to boost security
The NewsRussia’s war in Ukraine means it now spends more on defense than the rest of Europe combined, research suggests. Moscow’s total military spending rose 42% in 2024 to 13.1 trillion rubles ($144.4bn), outstripping the UK and all European Union member states when currencies are adjusted for purchasing power. Russia’s GDP is tiny compared to the EU’s, comparable to Spain’s, so its outlay is roughly 40% of the federal budget. The new study’s …
Russia's military spending is growing so rapidly that it surpasses all European countries combined, despite their efforts to increase budgets and rearm, according to the latest military balance report published by the...
Russia's military spending surpasses Europe's as Putin ramps up war budget, study finds
Russia’s military spending, driven by President Vladimir Putin’s efforts to put the country’s economy on a war footing, has now surpassed the combined defense budgets of all European nations, according to a new study.In 2024, Russia’s total defense expenditures surged by 42% in real terms, reaching 13.1 trillion rubles. When adjusted for purchasing power parity (PPP)—which accounts for differences in what money can buy in different countries—thi…
Russia's total defense spending in 2024 increased by 42% and amounted to 13.1 trillion rubles, which is equivalent to $462 billion at purchasing power parity, the Financial Times reported February 12, citing data from the British International Institute for Strategic Studies (IISS).
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