Reports of Deep Cuts to Russia’s Defense Budget Have Been Grossly Exaggerated

Russian Air Force aerobatic teams in MiG-29 and Su-27 fighter jets fly over the Kremlin during a rehearsal for the Victory Day military parade, Moscow, May 5, 2016 (AP photo by Ivan Sekretarev).
Russian Air Force aerobatic teams in MiG-29 and Su-27 fighter jets fly over the Kremlin during a rehearsal for the Victory Day military parade, Moscow, May 5, 2016 (AP photo by Ivan Sekretarev).
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If you read a recent report by IHS Jane’s that Russia is cutting its defense budget by over 25 percent—supposedly the “largest cut to military expenditure in the country since the early 1990s”—then you might be given the impression that Moscow’s military is finally succumbing to economic woes. But reports of the death of Russia’s defense budget have been grossly exaggerated. Simply put, it’s not true. Not only did Jane’s get the story largely wrong about Russia’s defense budget, claiming that Russia’s defense budget would fall from 3.8 trillion rubles, or $65.4 billion, to 2.8 trillion, but deep reductions in […]

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