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

Russia’s military spending, driven by President Vladimir Putin’s efforts to put the country’s economy on a war footing, has ...

Russia's total defence spending hit 13.1 trillion rubles (£114 billion) in 2024 - £366 billion when adjusted for purchasing ...

The spending figures included in the think tank’s newly published Military Balance report also show that in real-terms, Russia’s military expenditure increased by over 40 percent in 2024.

When adjusted for purchasing power parity (PPP), China's military spending is estimated at $574 billion. Furthermore, if corporate funding for defence research and development and other industry ...