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MOSCOW (Reuters) -Russian President Vladimir Putin tapped a civilian economist as his surprise new defence minister on Sunday in an attempt to gird Russia for economic war by trying to better ...
Russian President Vladimir Putin has replaced his defense minister and close ally Sergei Shoigu with a civilian economist, a major reshuffle of military leadership more than two-years after Moscow ...
Dmitry Peskov, Putin's spokesman, explained the rationale of picking Belousov in a late-night Sunday briefing, saying that defence and related spending had gone from 3% of gross domestic product ...
According to economist Sergey Guriev, Russian economy after 2022 has practically split into two parallel ones: the military economy, that runs on orders placed by the government with the military industries and payments to soldiers, which has observed growth; and the civilian sector that heavily suffers from high inflation, price increases ...
The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources. Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and purchasing price parity in those countries. [3][4]
Russia's official 2022 military budget is expected to be 4.7 trillion rubles ($75bn), [9] or higher, and about $84bn for 2023, 40% more than initial military budget announced in 2021. [10] Reuters reported that governments documents showed military spending would exceed $100bn in 2023. [11] SIPRI estimated that it would reach $140bn in 2024 ...
From 2008-2012, he was director of the department for economics and finance in the government apparatus, the same years Putin served as prime minister. * In 2012, he was made economics minister.
May 20, 2024 at 11:48 AM. MOSCOW (Reuters) - President Vladimir Putin on Monday appointed former deputy economy minister Oleg Savelyev as a deputy defence minister, according to a published decree ...