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Russia Freezes Spending as Ukraine War Costs Exceed Budget by €24bn
2026-05-29
The financial strain of Russia's war in Ukraine is becoming harder to hide. Moscow's finance minister has urged the government to freeze non-essential spending after it emerged that military costs are running approximately €24 billion over budget this year alone. Despite dedicating a staggering 40 percent of the entire national budget to defense and security, Russia is finding it increasingly difficult to keep its finances from slipping further into the red.
