Anton Siluanov

Russia’s defense spending Russia’s defense spending will rise 25% in 2025 to 13.5 trillion rubles ($145.32 billion) from 10.8 trillion rubles in 2024, state budget documents released today show.

Defense spending will make up 32% of the total budget spending and will reach 41.5 trillion rubles.

Russian state expenditure on national defense is set to rise by 23% in 2025, reaching 13.5 trillion roubles (145.32 billion dollars), up from 10.8 trillion roubles in 2024, according to draft budget documents released on Monday. This increase will make defense spending account for 32% of the total budget expenditure, which is projected to be 41.5 trillion roubles.

Russia swung from a budget surplus to a deficit last year, officials have said, as authorities boost defense spending amid Moscow's assault on Ukraine.

The deficit reached 3.3 trillion rubles ($47 billion), or 2.3 percent of gross domestic product, Finance Minister Anton Siluanov told a government meeting.

The head of the Russian Central Bank warned yesterday that the country's economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to what they were before Russia sent troops into Ukraine.

Russia expects to receive one trillion rubles in additional oil and gas revenues this year, the Russian finance minister said, adding that part of the unexpected revenue will be spent on Moscow's offensive in Ukraine.

The International Monetary Fund announced on Nov. 30 it has approved a new $88 billion credit line for Mexico, replacing the existing line.

BELGRADE - Russia has prolonged the loan term for $800-million credit provided to Serbia in 2013 until 2021, a document published on Russia's legal information website said Tuesday.

Russian Prime Minister Dmitry Medvedev said on Jan. 13 his country needed to be ready for the worst case economic scenario amid oil plunge, but said the situation for now was manageable.

Speaking at an economic forum in Moscow, Medvedev said the country needed to steel itself for tough times. 
"One needs to prepare for the worst scenario," he said.

European Union governments agreed June 17 to extend economic sanctions on Russia over its actions in Ukraine by six months until Jan. 31, diplomats said, maintaining unity in the West's tough stance toward Moscow. 

Russian Finance Minister Anton Siluanov said on Wednesday that the country's budget did not include plans to offer Greece financial help and that Russia did not plan to hold talks on restructuring Ukraine's debt.

"That's not factored into our budget," Siluanov said in response to a question from reporters about whether Russia was planning to offer Greece financial aid.