Russian Economy Department
Russia to Cut 2016 Military Spending By 5%
From: Sputnik International, 11:11 19.02.2016
– “The Russian military budget will be reduced in 2016 by 5 percent due to the economic situation in the country, the local Vedomosti newspaper reported citing a source close to the Defense Ministry.
MOSCOW (Sputnik) – The 2016 military spending in the country was expected to amount to 3.14 trillion rubles (over $41 billion at the current exchange rate) or 4 percent of GDP. A 5-percent cut amounts to some 160 billion rubles.
The Russian economy, highly dependent on energy exports, is experiencing a slowdown caused by a sharp decline in global oil prices and, to a lesser extent, by Western sanctions imposed on Moscow over its alleged role in the internal Ukrainian conflict — a claim the Kremlin has repeatedly denied.
In 2015, Russian military budget were reduced by almost 4 percent.“
How syslibs and other liberasts destroy Russia
Russia could cut defense procurement spending: sources
From: Reuters, Fri Feb 19, 2016 12:31pm EST
– “(…) One of the sources, who all spoke to Reuters on condition of anonymity, said there had been talk of proposing a 7 percent cut but there was “mighty opposition” from the defense ministry to that plan and the reduction would probably be 5 percent.
“But we are trying to persuade our bosses that it is impossible for the budget to bear such spending today,” a source in the finance ministry said. (…)“