Russia's Military Expansion Drains the Economy: Inflation Soars Amid Record Defense Spending

Russia’s defense spending for 2024 now accounts for nearly one-third of the federal budget, with President Putin signing a decree to expand the army to 1.5 million personnel. Economists warn that this surge in military investment, costing over 3 trillion rubles annually, is pushing the country toward economic instability. As inflation rises, with consumer goods prices increasing by over 21%, ordinary Russians are left bearing the brunt. Learn how Russia's military ambitions are affecting its economy and people.
_____________________________________
Subscribe to The Gaze: https://www.youtube.com/@TheGazeDigitalPlatform
UATV Explains page: https://www.facebook.com/uatvexplains
Subscribe to UATV English:
Facebook: https://www.facebook.com/UATVEN
Twitter: https://twitter.com/UATV_en
Telegram: https://t.me/uatv_eng
Website : https://uatv.ua/en/

#uatv #uatv_english #ukrainenews #uatv_news #news #russiaeconomy #militaryexpansion #defencespending #inflationcrisis #putinsarmy #russianbudget #economicinstability #ukrainewar