Collectively deterring Russia key to preventing major war in Europe
The processes unfolding in Russia testify to the Kremlin’s preparation for large-scale territorial expansion into Europe. During 2024, spending on the army and defense industry will for the first time make up a third of all budget expenditures. In particular, under the National Defense budget section, Russia plans to spend 6% of the GDP, which is 70% higher against 2023. It is predicted that the financing of the Russian army in 2025-2026 will further increase: by the end of 2026, the Russian army will likely amount to over 2 million personnel.
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