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Russia to Cut 2016 Military Spending By 5%

© TOF Press ServiceTroops 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.
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. - Sputnik International
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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.

Sculpture of rouble sign in Novosibirsk - Sputnik International
Russia Will Cut Spending on All State Programs in 2016 Budget
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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