Putin Says Russia to Seek Defense Cuts Though It Depends on War
President Vladimir Putin said Russia plans to cut defense spending, acknowledging growing strains on the budget even as he insisted that reductions would depend on winning his war in Ukraine.
Russia is spending 6.3% of gross domestic product on defense this year and 'that's a lot,' Putin told reporters in Minsk, Belarus, on Friday. 'It's one of the problems, including for the budget, that we have to resolve,' and Russia paid a price in inflation from the increased expenditure, he said.
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Fox News
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- Fox News
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an hour ago
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an hour ago
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