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...