Russia raises 2027 military spending by 27%, budget documents show

Budget documents reveal that Russia plans to increase its military spending by 27% for the year 2027. According to the reports, the Russian government intends to allocate 17.1 trillion roubles, which is equivalent to approximately $202 billion, toward defense expenditures. This significant budgetary rise was highlighted in an exclusive report by Reuters, detailing the financial commitments the nation is making to its military sector as part of its long-term fiscal planning for the coming years.