Putin Says Russia Plans To Cut Military Spending From Next Year

Putin Says Russia Plans To Cut Military Spending From Next Year

NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross domestic product in the next 10 years, citing what they called the long-term threat posed by Russia and the need to strengthen civil and military resilience.

Putin says Russia will cut military spending as economy 'on the brink of going into a recession'

Yesterday, Russian President Vladimir Putin announced plans to cut military spending after officials warned that Russia is "on the brink of going into a recession."