Putin bets big on war: Russia approves $126 billion defence budget for 2025

Quick Summary:

The military collaboration with North Korea may provide some relief for Russia in the short term.

Russia’s military spending has surged dramatically in the past two years, but the financial strain on the country is becoming increasingly evident.

As Russia seeks support, it has turned to North Korea for aid, with a reported influx of approximately 11,000 North Korean soldiers sent to the frontlines in the Kursk region.

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Category: BusinessFinance

Markets: IndiaNorth KoreaUkraineUnited States

Topics: Ukraine war Mobilisation $126 billion defence budget Inflation Military collaboration Vladimir Putin Economic strain Russian defence budget 2025 North Korea aid Ballistic missiles Ukraine conflict Military spending Russia defence increase Russian military Labour shortages Russia economy Global military conflict

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 13:48:46 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24033317

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