Russia’s
Military Spending Declines; US Now a Third of Global Spending
Russia
expects continued cuts in coming years
1
May, 2018
With
US military spending continuing to rise, mostly on claims of the
“threat” posed by Russia, many would be surprised to learn that
Russia’s military spending actually dropped 20% in the last year.
As a Reuters article details, Russia’s military spending looks to
be on a general decline going forward.
Worldwide
military spending was slightly up over the last year, with the US
amounting to more than a third (35%) of global military spending.
Russia’s decline actually brings them down to the fourth highest
spending military worldwide, passed by Saudi Arabia.
In
March, Russia announced that over the next five years they plan to
cut their overall military spending to less than 3% of their national
GDP. That means substantial further cuts in the next few years, and
will likely mean multiple additional nations will pass them in
military spending.
Russia
remains a substantial military power even with the cuts, of course.
The general trend toward cuts shows that they aren’t envisioning
large overseas entanglements, or the sort of World War 3 type of
invasions that some NATO military figures have claimed. Russia is
clearly moving toward a more defensive footing, and pocketing the
savings.
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