Military spending

Russia Forced to Reduce 2015 Defence Budget, Further Cuts Possible, IHS Says

“As a result of the rapid growth in the Russian defence budget since 2010, resourcing for the State Armament Program to date has broadly been in line with expectations”.

Faced with mounting fiscal pressures, the Russian government has formalized cuts to planned defence expenditure and further cuts are possible, according to new analysis from IHS (NYSE: IHS), the leading global source of critical information and insight.