Growth in Russian military spending outpaces all European countries combined: Think tank

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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 …

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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...

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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…

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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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Russia overtakes all of Europe on defense spending in key metric: IISS military balance

The spending figures included in the think tank’s newly published Military Balance report also show that in real-terms, Russia’s military expenditure increased by over 40 percent in 2024.

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According to a study by the Thinkfabrik International Institute for Strategic Studies (IISS) based in London, Russia spent 41.9 percent more in the previous year, an estimated 145.9 billion US dollars – roughly 6.7 percent of its gross domestic product.