11:26 GMT +3 hours26 August 2016
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Troops in Russia's Eastern Military District have been moved to the highest state of combat readiness as surprise drills began in the region, the Russian Defense Ministry said Friday.

Russia to Cut 2016 Military Spending By 5%

TOF Press Service
Russia
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The Russian military budget will be reduced in 2016 by 5 percent due to the economic situation in the country, the local Vedomosti newspaper reported citing a source close to the Defense Ministry.

MOSCOW (Sputnik) The 2016 military spending in the country was expected to amount to 3.14 trillion rubles (over $41 billion at the current exchange rate) or 4 percent of GDP. A 5-percent cut amounts to some 160 billion rubles.

The Russian economy, highly dependent on energy exports, is experiencing a slowdown caused by a sharp decline in global oil prices and, to a lesser extent, by Western sanctions imposed on Moscow over its alleged role in the internal Ukrainian conflict — a claim the Kremlin has repeatedly denied.

In 2015, Russian military budget were reduced by almost 4 percent.

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GDP, defense budget, Russia
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  • dvdgrg09
    No wonder the fifth column wants a "political solution" in Syria.
  • coolerheads
    Hmmm. So in 2016 Russia is cutting it's military budget by 5%. Meanwhile, the U.S. is increasing it's European defense budget by 400%.
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