In , on the same item of expenditure was spent 2. Life and Politics in Asia. The record slump in oil prices threatened the Russian federal budget. Peer review under responsibility of Voprosy Ekonomiki. At the suggestion of the Ministry of Defence of any curtailment costs of national defense should only be considered through the prism of a reliable state security. Such an arrangement, which would have been inefficient in most other industries, probably reduces wasteful spending in the budget-dependent military-industrial complex. All monetary values at official exchange rate OER.
Russia is now the world's third largest military spender
The deficit was smaller than expected thanks to higher oil prices in the second half of the year. As the handouts dry up, tensions between Moscow and outer regions may boil over, potentially reigniting conflict in the North Caucasus. Does Russia have the financial means for its military ambitions? Overall, a large part of the programme is likely to be fulfilled by , with some rescheduling of specific procurement objectives into the forthcoming new State Armaments Programme, which should span the period The opinions expressed in this article represent those of the author and not official opinion or policy of NATO. But in fact, Russian power is brittle.
Does Russia have the financial means for its military ambitions?
Russian reform blueprint may be politically untenable. Russian leadership may approve partial fiscal reforms. Energy Information Administration, which referenced customs data from Moscow, value generated from crude oil exports alone were more than the total value of non-oil and natural gas exports combined. National Basketball Association all-time scoring leaders World coffee per capita consumption:
The Russian defence budget is expected to be cut by approximately 5. Nov 16, Prospects for Russian politics in The budget deficit of Russia in year amounted to 2. Moscow will do its best to selectively fund and develop key ports along its strategic water bodies. Moscow is overspending on its armed forces and still might not get the military it wants by