![]() ![]() ![]() ![]() However, since the rise to power of Vladimir Putin and the exposure of the poor state of preparedness amongst Russia's armed forces in the Chechen Wars, Russian military spending has rapidly increased, particularly after the 2008 Russian military reform. In 1998, when Russian Federation experienced a severe financial crisis, its military expenditure in real terms reached its lowest point- barely one-quarter of the USSR's in 1991, and two-fifths of the level of 1992, the first year of Russia's independent existence. Between 19 weapons production in Russia fell by at least 50% for virtually every major weapons system. However, in the wake of the breakup of the Soviet Union and the emergence of Russian Federation as an independent state, between 19 Russia's defence spending fell by a factor of eight in real prices. Given the size of the military establishment, however, the actual figure was considered to be far higher. In 1988 military spending was a single line item in the Soviet Union state budget, totaling 21 billion rubles (68.8 billion 1988 U.S. Moscow spends more on the military than any country of the European Union. According to estimates for the 21 years from 2000, Russia increased its military budget from $9.23bn to $65.9bn, or more than 600 percent. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. The military budget of Russia is the portion of the overall budget of Russia that is allocated for the funding of the Russian Armed Forces. Military budget of China, Russia and U.S. ![]()
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