Moscow Times reports: Despite a looming recession, Russia will increase military spending by 30 percent next year to a record post-Soviet high of 3.3 trillion rubles ($62 billion), cash that will be used to buy more aircraft, submarines, missiles and weapons for an ascendent armed forces.
The increase, which takes Russia’s spending on defense to 4.2 percent of gross domestic product, comes amid an ongoing crisis in Ukraine that has seen a return to Cold War-style rhetoric and the reinsertion of military posturing into international politics.
Amid the muscle-flexing, the Russian military has had a good year. The Defense Ministry showed during the annexation of Crimea from Ukraine in March that it had successfully reformed its armed forces since the 2008 war with Georgia, when the Russian army looked disorganized and poorly equipped. [Continue reading…]