Russian President Vladimir Putin has introduced plans to extend navy spending to $142 billion by 2025. This represents a big enhance from the present funds of $61.7 billion. The transfer comes amid heightened tensions with the West and considerations about NATO enlargement.
The elevated spending will probably be used to modernize Russia’s navy, together with the event of recent weapons techniques and the acquisition of superior gear. Putin stated that the spending is important to make sure Russia’s safety and to take care of its standing as a worldwide energy.
