EconomyRussia raises planned 2027 war spending after Ukrainian strikes, Vlast reports
Ukrainian drone attacks on Russian oil refineries and warehouses influenced Moscow’s decision to increase planned military spending in its 2027 draft budget, Vlast reported, citing a budget official. The proposal allocates 17.1 trillion rubles to defense, or 6.9% of projected GDP. Authorities plan to raise taxes and debt while cutting social, healthcare, education, and investment spending.
Russia raises planned 2027 war spending after Ukrainian strikes, Vlast reports