Putin signs off record Russian defence spending

Russian President Vladimir Putin approved budget plans to raise military spending to record levels by allocating 32.5% of the budget for national defense, amounting to 13.5 trillion rubles ($145 billion) in 2025. Lawmakers in both houses of the Russian parliament have already approved the plans, as Moscow seeks to prevail in the ongoing war in Ukraine, Europe’s biggest conflict since World War II. The war has drained resources on both sides, with Russia gradually pushing Ukrainian troops backward in eastern areas, while casualties continue to rise, including three deaths in Kherson from a Russian drone strike and 24 wounded in Dnipro from a missile strike.

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