Try GOLD - Free
Putin Says Russia Plans to Cut Military Spending From 2026
The Straits Times
|June 29, 2025
President Vladimir Putin said on June 27 that Russia was looking to cut its military expenditure from 2026, contrasting that with Nato's plan to ramp up defence spending over the next decade.
-
MOSCOW -
Nato allies on June 25 agreed to raise their collective spending goal to 5 per cent of gross domestic product (GDP) in the next 10 years, citing what they called the long-term threat posed by Russia and the need to strengthen civil and military resilience.
In his first reaction to that move, Mr Putin told a press conference in Minsk that the Nato spending would go on "purchases from the US and on supporting their military-industrial complex", and this was Nato's business, not Russia's.
"But, now, here is the most important thing. We are planning to reduce defence spending. For us, next year and the year after, over the next three-year period, we are planning for this," he said.
This story is from the June 29, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Consumers in S'pore face higher petrol, electricity prices as oil tops US$100
A dangerous new escalation in the Middle East conflict now drawing in the region's oil infrastructure makes it likely that consumers and businesses in Singapore will soon see petrol prices rise again after a round of hikes last week.
5 mins
March 10, 2026
The Straits Times
Families Money can be earned later, but fertility cannot wait
As a senior embryologist with over two decades of experience in assisted reproduction, I witness daily the hopes of couples longing for a child.
1 mins
March 10, 2026
The Straits Times
Poised Wembanyama rips Rockets apart
Victor Wembanyama scored 29 points as the San Antonio Spurs laid down a National Basketball Association (NBA) playoff marker with a dazzling 145-120 thrashing of the Houston Rockets on March 8.
2 mins
March 10, 2026
The Straits Times
Relieving 'tech neck' is simpler than we think
In the third part of The Physio Fix, a physiotherapist from Singapore General Hospital says the key to easing neck pain is to keep moving.
5 mins
March 10, 2026
The Straits Times
Kate Liu a pianist who deserves wider recognition
Singapore-born pianist Kate Liu's recital showcased her range and conviction.
2 mins
March 10, 2026
The Straits Times
Bond sell-off deepens as oil price spike fuels stagflation fear
Global bond markets tumbled in Asian trading on March 9 as an oil price shock prompted investors to price in higher inflation and a deteriorating economic growth outlook.
2 mins
March 10, 2026
The Straits Times
NATO begins war drills in the Arctic with focus on civilian readiness
NATO began its biennial drills in the Arctic on March 9, this time placing more emphasis on the role of civilians in supporting the military, at a time of high tension over US President Donald Trump's push to take over Greenland from fellow NATO member Denmark.
1 mins
March 10, 2026
The Straits Times
S'pore stocks, gold extend slide over Mid-East crisis
Fears of fresh bout of inflation and hike in interest rates as oil nears US$120 a barrel
3 mins
March 10, 2026
The Straits Times
IP rider premiums to cost at least 30% less amid new requirements
Singlife, one of four insurers to indicate pricing, says reductions could go up to 84%
4 mins
March 10, 2026
The Straits Times
Civil service head Leo Yip to retire after 43 years in public sector
Chan Heng Kee will take over his portfolios, with changes going into effect on April 1
2 mins
March 10, 2026
Listen
Translate
Change font size