Russia’s war budget soars to record levels

The Kremlin has rolled out its new budget for 2025, unveiling plans to boost defence spending to its highest level since the collapse of the Soviet Union in 1991
 

RUSSIA’S DEFENCE SPENDING, 2010-2026

In current US$ billions	As share of GDP (%)

Feb-Mar 2014
Russia invades and annexes Crimea from Ukraine

Feb 2022
Russia launches full-scale invasion of Ukraine

$bn				$145bn	%
120				6.3%	6

			$102bn		5
90 		$85bn	4.7%		
		4.1%			4
	3.6%
60	$59bn				3

					2
30						
					1

0 					0
	2010	2015	2020	2025
 
  
Note: Figures for 2024-2026 are estimates 


Sources: FT, Reuters, SIPRI, United24 
Picture: Getty Images 
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