Russia’s military spending in 2024, when adjusted for purchasing power parity (PPP), exceeded that of the European Union and ...

Russia’s invasion of Ukraine has sent its defense spending skyrocketing, and is raising fears it will attack NATO next.

Russia's military spending increased by almost 42 percent in 2024, according to the International Institute for Strategic Studies (IISS). That takes the country's budget to the equivalent of 6.7 ...

NATO allies are currently negotiating an upward revision to the defence spending target, despite several countries failing to ...

Like traders in a souk, politicians keep tossing out new spending targets: 2%, 3% or even 5%. The decisive factor, however, ...

Moscow had already ramped up military spending to levels not seen since the Soviet era, pumping out missiles and drones to fire on Ukraine and paying lucrative salaries to its hundreds of ...

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine ...

BRUSSELS (Reuters) - Defence spending by NATO's European members and Canada rose by 20% in 2024, compared to the previous ...

The European Union's member states need to increase defence spending to keep pace with the threats facing the continent, its ...

Russia’s economy is showing “serious cracks” and the West must intensify sanctions to put Ukraine in the best possible ...

Lithuanian President Gitanas Nausėda says that any peace settlement in Ukraine must involve Kyiv and come with more defense ...