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Posted on 06/27/2025 5:15:16 PM PDT by marcusmaximus
Vladimir Putin has announced plans to scale back military spending after Kremlin officials warned that Russia is “on the brink of recession”.
The Russian leader said he would reduce defence spending “next year and the year after, over the next three-year period” at an economic summit of five post-Soviet states in Minsk on Friday.
Responding to Nato’s plans to raise defence spending to 5 per cent of GDP, Putin said the alliance’s members would spend on “purchases from the USA and on supporting their military-industrial complex”.
“So who is preparing for some kind of aggressive actions? Us or them?” he added.
The comments came after Maxim Reshetnikov, the Russian minister of economic development, last week announced that the country is “on the brink of going into a recession”.
Elvira Nabiullina, the Russian Central Bank governor, also warned that the country’s wartime economic momentum – driven by massive state defence sector spending – was grinding to a halt.
“We grew for two years at a fairly high pace because free resources were activated,” she said. “We need to understand that many of those resources have truly been exhausted.”
Russia’s economy grew by 4.3 per cent in 2024, however, in an effort to kerb rampant inflation, interest rates were held at a staggering 21 per cent since October, before being cut marginally to 20 per cent this month as pressure eased slightly.
(Excerpt) Read more at yahoo.com ...
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And they are putting this news out why??
The English translation of Putin: “We’re broke”.
Let the mugasms commence.
Delta7 has been denying my posts about Russia going broke for months.
OTOH, Russia has been supporting their economy with military spending.
Cutting back on that spending is sure to throw them into a recession.
ARTICLE: Vladimir Putin has announced plans to scale back military spending after Kremlin officials warned that Russia is “on the brink of recession”.
Hey Vlad the invader.
Make a deal with Trump and the United States while we have competent leadership. Get out of Ukraine, and let’s start trading a working together. Is time for a change, together in peace, we could positively effect the world.
Just saying.
“And they are putting this news out why??”
To find out how many Putinistas are in denial?
There’s tremendous opportunity for Russia, with the right strategy that benefits the whole world. They, being the Globohomos, are fully against that.
If the Globohomos win in this power struggle, neither Russia or Ukraine will be allowed to end this war. Prior, I felt the Globohomos were being exalted, I now have hope God has blessed us again. Time will tell.
So in order to show NATO that their premise that their militarizes are necessary to deter Russian aggression, Putin invades a neighboring country, seeking to conquer it. Putin logic.
The English translation of Putin: “We’re broke”.
——————-
https://www.europereloaded.com/russia-dominates-us-as-worlds-largest-owner-of-natural-resources/
Russia Dominates US As World’s Largest Owner Of Natural Resources…
——————————-
Think harder, US debt is $ 37 trillion plus, and 125 percent of GDP….Russian debt, 17 percent of GDP….a child with a calculator can figure out who is broke.
Don’t let your Russian Derangement Syndrome cloud your judgement. Russia is self sufficient, the West, not.
IATS
In After Texas Stalker
Beijing’s aim, on the one hand, is to exploit the Russian Far East’s rich resources, mainly minerals,
The Kremlin is already in such dire financial straits that it is selling oil, gas and other commodities at cut-rate prices to generate the cash needed to sustain the war. The Xi administration recognizes that Moscow may not be so generous once the war is over or once President Putin is no longer in power
https://www.gisreportsonline.com/r/russia-far-east/
“
Russian debt, 17 percent of GDP…”
22% according to your preferred source. I guess Socrates input modem is off line.
Hush Neocon
lol, doubt it, but if so it’s because he has no choice😂
Opportunities to end the war, withdraw, settle things with acceptable security provisions and go back to making things better for both your nation’s.
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