Russia
What does Russia's rising military budget say about its plans for the war?
The Russian government began the month by submitting a three-year budget plan to parliament, proposing yet another increase in funding for its war against Ukraine. On the surface, the planned increase looks substantial. Russia's overall military budget is set to rise to around 17 trillion rubles (approximately $200 billion) in 2027, up from 12 trillion rubles in 2026 — a 27% increase in nominal spending. When combined with spending on law enforcement, another heavy budget line, expenditures on
