Politics

Russia moves to cut public spending as war costs soar €24bn over budget

Ewan Jones

29.05.2026, 08:48

Photo by Sefa Karacan/Anadolu Agency via Getty Images — Russia is struggling to balance its books as war spending spirals out of control. Photo by Sefa Karacan/Anadolu Agency via Getty Images

Moscow has already allocated 40% of this year’s budget to defense and security.