Source: Russia will spend 0 billion on defense and security by 2025

Source: Russia will spend $600 billion on defense and security by 2025

LONDON (Reuters) – Russia plans to spend a total of 34 trillion rubles ($600 billion) on national defense, security and law enforcement between 2022 and 2025 as part of its latest spending plan, a source familiar with Finance Ministry accounts told Reuters on Friday.

Russia is waging a costly military campaign in neighboring Ukraine, for which it announced this week the mobilization of another 300,000 soldiers.

According to the latest figures, Russia will spend a total of 18.5 trillion rubles in 2022-2025 on national defense, of which 4.7 trillion rubles will be spent this year.

Previously, Moscow planned to spend 3.5 trillion rubles on national defense this year out of a total of 10.9 trillion rubles over the 2022-2024 period.

The projected spending on security and law enforcement this year remains unchanged at 2.8 trillion rubles. It is expected that 15.6 trillion rubles will be spent between 2022 and 2025 compared to the previous allocation of 8.7 trillion rubles for the 2022-24 period.

The source did not provide any further details or details. The Finance Ministry declined to comment. (1 dollar = 56.2500 rubles)

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