Business

Russia budget report reveals eyewatering cost of Ukraine war

Eric Kliszcz

19.12.2025, 11:04

Photo by Sefa Karacan/Anadolu via Getty Images) — Total Russian defense spending for the year will amount to 7.3% of GDP. Photo by Sefa Karacan/Anadolu via Getty Images)

Moscow is raising taxes next year to help fund its ongoing war.