Russia’s parliament approves budget with a record amount devoted to defense spending
- Russia's parliament approves a budget with a 25% increase in spending from 2024-2026, prioritizing defense due to sanctions.
- Defense expenditure in the budget is expected to surpass social spending for the first time in Russian history, aiming to support President Putin before the upcoming election.
- Synthetic diamonds' demand is growing, but natural diamonds maintain greater value, with 16% of women believing lab-grown diamonds are real. The global diamond market is projected to reach $155 billion by 2032.
27 Articles
27 Articles
Russian parliament passes budget with record military expenditures
The Russian parliament passed a budget for 2024 that increases military spending to more than one-third of total government expenditures, Russian independent media outlet Meduza reported on Nov. 23. If combined with funding for domestic law enforcement agencies, the figure rises to 40%. According to Meduza, state expenditures on Russia's military sector will exceed social payments for the first time.The budget has passed through all but one of t…
Russia's parliament approves budget with a record amount devoted to defense spending
Russia’s parliament approved a federal budget Wednesday that increases spending by around 25% in 2024-2026 and devotes a record amount to defense. The budget was passed unanimously by the Federation Council — the upper chamber of the Russian parliament — and will be sent to President Vladimir Putin to sign it into law. The budget […]
Russia's parliament approves budget with a record amount devoted to defense spending
Russia’s parliament approved a federal budget Wednesday that increases spending by around 25% in 2024-2026 and devotes a record amount to defense. The budget was passed unanimously by the Federation […]
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