Europe

8324 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago

MODERATORS

[email protected]

Russia to hike defense spending by almost 70% in 2024, totaling around 6% of GDP — more than spending allocated for social policy (www.themoscowtimes.com)

submitted 1 year ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

The increased defense spending comes as Russia's Central Bank warns economic growth is set to slow down in the second half of 2023, with inflation above the bank's target of 4%. Vladimir Putin and other officials have largely shrugged off the economic effects of the Ukraine offensive, arguing Russia has largely weathered the storm of Western sanctions.

you are viewing a single comment's thread
view the rest of the comments

[–] bernieecclestoned 13 points 1 year ago (1 children)

Corruption bonanza, half their kit gets sold on the black market

[–] [email protected] 7 points 1 year ago

Only half? They must have taken some impressive anti-corruption measures to get it down.