Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Russian defence spending exceeds all of Europe combined, study finds
Economy

Russian defence spending exceeds all of Europe combined, study finds

Last updated: February 12, 2025 3:40 am
Share
Russian defence spending exceeds all of Europe combined, study finds
SHARE

Military spending in Russia has been on the rise, surpassing all of Europe’s defense budgets combined. According to a recent study, Russian defense spending increased by 42% last year, reaching Rbs13.1tn, which is equivalent to $462bn based on purchasing power parity. In comparison, European defense budgets, including the UK and EU member states, rose by nearly 12% to $457bn.

The International Institute for Strategic Studies (IISS) highlighted the security challenges facing Europe if the US reduces its support for Ukraine and European defense. US President Donald Trump has emphasized the need for Europe to increase its defense spending, including support for Ukraine. Trump has called for Europe to spend 5% of GDP on defense, compared to the current average of about 1.7%. Nato secretary-general Mark Rutte has also stressed the importance of increasing European defense spending.

The IISS forecasted that Russian defense spending would continue to rise, reaching Rbs15.6tn this year, equivalent to 7.5% of GDP. Despite the economic toll, Russia is still able to bear the costs of war. On the other hand, if Europe were to increase defense spending to 3% or 5% of GDP, it would significantly surpass Russian defense spending.

Germany’s defense budget exceeded the UK’s for the first time in over three decades, reaching $86bn. However, sustaining this level of spending is uncertain, as Germany’s commitment to spend 2% of GDP by 2029 is also uncertain. The UK currently spends 2.3% of GDP on defense, with plans to increase it to 2.5%.

French defense spending rose by 4.5% to $64bn last year, equivalent to 2% of GDP. Estonia, bordering Russia, spent almost 4% of GDP on defense, while Poland spent 3.25%, making it Europe’s second-highest spender. Despite their high defense spending relative to GDP, their absolute spending levels are still lower than Europe’s largest economies.

See also  Pakistan says it has launched military retaliation against India

Overall, the geopolitics of defense spending in Russia and Europe continue to evolve, with implications for global security and military capabilities. It is crucial for European countries to assess their defense priorities and budget allocations in response to changing security threats and geopolitical dynamics.

TAGGED:CombineddefenceEuropeexceedsfindsRussianspendingStudy
Share This Article
Twitter Email Copy Link Print
Previous Article To speak as Gaia To speak as Gaia
Next Article Trump Announces New Intelligence Advisory Board – and Devin Nunes will Serve as Chairman | Trump Announces New Intelligence Advisory Board – and Devin Nunes will Serve as Chairman |
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Can Barcelona rebound for El Clasico after devastating Champions League elimination in semifinals vs. Inter?

It's a fascinating clash of styles and personalities, with the attacking flair of Barcelona going…

May 9, 2025

PSQ Holdings doubles, becoming latest stock to rip higher on news of Donald Trump Jr.’s involvement

Donald Trump Jr. is making waves in the business world once again, as rumors swirl…

December 3, 2024

How buzz on Chinese AI model DeepSeek sparked massive Nasdaq sell-off

A Chinese AI startup, DeepSeek, has recently caused a stir in the U.S. technology market,…

January 27, 2025

Help! My Coworker Keeps Coming to Work While Sick

As a teacher, facing challenges in the classroom is inevitable. From dealing with sick colleagues…

January 17, 2025

How ‘The Last of Us’ Created the Murderous Cult

SPOILER ALERT: This article contains spoilers for Season 2, Episode 3 of HBO’s “The Last…

April 27, 2025

You Might Also Like

Gundlach says to buy international stocks on dollar’s ‘secular decline’
Economy

Gundlach says to buy international stocks on dollar’s ‘secular decline’

June 10, 2025
US oil output set for first annual drop since pandemic
Economy

US oil output set for first annual drop since pandemic

June 10, 2025
Pentagon should shave defense procurement regulation, industry group says
Economy

Pentagon should shave defense procurement regulation, industry group says

June 10, 2025
BlackRock’s smallest deal of 2024 may end up being its most consequential
Economy

BlackRock’s smallest deal of 2024 may end up being its most consequential

June 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?