Russian defense spending surges to $300 million a day during Ukraine war
Russia spent more than $300 million per day on defense last month as its invasion of Ukraine continued to drag on, according to Finance Ministry data, more than doubling its pre-war defense spending.
Defense spending has increased every month since President Vladimir Putin sent troops into Ukraine in late February as Russia’s Armed Forces failed to secure a quick victory and settled for a strategy of capturing eastern territories.
If Russia’s defense spending in February totaled 369 billion rubles ($5.4 billion), March saw an uptick to 450 billion rubles ($6.6 billion), according to the ministry data first reported by The Moscow Times’ Russian service. [Continue reading…]