British intelligence has analyzed the impact on the Russian economy of further increases in military spending in Russia - in 2024, defense spending in Russia will amount to about 6% of GDP.
A steady increase in military spending is likely to contribute to inflationary pressures in Russia, the British Ministry of Defense emphasized.
In addition, a further increase in military spending will force the Russian government to make difficult decisions on how to finance the war, which is likely to increase financial pressure on Russian businesses
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