Bloomberg Reveals Putin's Long-Term Plans For War
2- 2.10.2026, 13:20
- 1,514
The Kremlin is including record-high spending in the budget.
Russia plans to spend 17.1 trillion rubles on military needs in 2027 ($205 billion), which is more than 40% higher than the spending planned for 2026 and nearly 380% higher than the figure for 2021, before the war.
This is reported in an article by Bloomberg.
According to the publication, the new budget indicates that Moscow is preparing to continue the war in Ukraine over the next few years.
In 2028, Russia’s military spending is projected to total 16.6 trillion rubles, and in 2029, 16.3 trillion rubles. Thus, following a sharp increase in 2027, spending is expected to decline only slightly.
This differs significantly from Moscow’s plans a year earlier. At that time, Russian authorities had hoped to curb the growth of military spending, reduce the budget deficit, and replenish reserves depleted by the war.
According to Bloomberg, the new budget is being drafted against the backdrop of U.S.-mediated negotiations that have effectively reached an impasse, while Russia continues to launch strikes against Ukrainian cities and infrastructure.
“Putin is raising the stakes,” — said Kirill Rogov, head of the Re: Russia research group in Vienna.
According to him, Russia is demonstrating a willingness to continue investing in the war, while Europe will have to decide whether it is prepared to maintain the same level of support for Ukraine.
The Russian Ministry of Finance reported that the funds are earmarked, in particular, for weapons and military equipment, payments to military personnel and assistance to their families, as well as for the modernization of defense industry enterprises.
According to an analysis by Janis Klug, an analyst at the German Institute for International and Security Affairs , a significant portion of the additional military spending may be directed toward weapons production. He noted that Russia produces large quantities of missiles and drones, and that prolonged hostilities have led to the depletion of ammunition stocks.
The increase in military spending is occurring against the backdrop of a deterioration in the state of Russia’s public finances. The estimate for the Russian Federation’s budget deficit in 2026 has been raised from 1.6% to 3.2% of GDP. The government is also increasing borrowing and drawing on the liquid portion of the National Wealth Fund.
At the same time, Klug noted that the increase in military spending alone does not prove that Russia is preparing for a direct war with NATO. According to him, the main reason for the increase in spending is the changing nature of the war—specifically, Ukraine’s strikes on targets deep within Russian territory—which is forcing Moscow to spend more on its own defense.
He added that the likelihood of a Russian attack on a NATO member state “cannot be ignored.”
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