Russia to Ramp Up Defense Spending as Putin's Campaign Falters
Russia will be ramping up its defense spending in 2023, Defense Minister Sergei Shoigu announced on Wednesday, as President Vladimir Putin's war in Ukraine continues to falter.
Shoigu said the country's state defense orders would increase in 2023 to nearly 1.5 times this year's figure, Russia's state-run news agency Interfax reported.
The amount of funding for Russia's state defense order "taking into account the additional allocated budget funds" in 2023 will increase by almost one and a half times, the defense minister said.
"This will make it possible to provide...