Russia in ‘Crisis’ Over $433 Billion Defense Revamp, Group Says
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Russia has reached a “crisis” as it struggles to maintain plans to spend 23 trillion rubles ($433 billion) on revamping its military at a time of economic contraction, a defense research group said.
Amid persistent calls from Finance Minister Anton Siluanov for Russia to scale back its biggest defense program since the Cold War, the country continues to use an outdated “Soviet” approach to rearmament, the Moscow-based Center for the Analysis of Strategies and Technologies, known as CAST, said.