Economy Enlargement Bilateral this article is about what plays out between two countries

Russia plans to increase military spending by 27% in 2027, with new taxes expected

Russia is “not at all interested” in serious talks on the war in Ukraine, German Chancellor Friedrich Merz said after the surprise September 26 meeting between the two countries' foreign ministers. As proof: Moscow plans to increase its military spending by 27% in 2027.The new draft budget sets war-related expenses at more than 17 trillion rubles, or nearly 177 billion euros. To fill the widening public deficit, the Kremlin is planning a further increase in taxes on households and businesses.

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Read the original article — RFI — Europe

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