Russia approves a military-focused budget for 2025-2027, boosting defence spending by 25% while keeping a third of expenditures classified, prioritising war needs and social support.
MOSCOW (Reuters) - Russian President Vladimir Putin has approved a military focused budget for 2025-2027, a document published on the official legal acts website showed on Sunday.
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history, with almost a third of all spending closed to public scrutiny.
The government has acknowledged that the needs of what Moscow calls its special military operation in Ukraine and support for the military will remain the budget priority along with social needs and technological development.
The government has presented the draft budget as "balanced", with the deficit falling to 0.5% against this year's projected deficit of 1.7% and state debt remaining below the 20% mark for the next three years.
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At least 12 people were killed and seven wounded after a Russian drone struck a bus carrying miners in Ukraine's southeastern Dnipropetrovsk region, government officials said on Sunday (1 February).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 30th of January, covering the latest developments you need to know.
The Kremlin said on Friday (30 January) that Russian President had received a personal request from his U.S. counterpart, Donald Trump. The request was to halt strikes on Kyiv until 1 February to create a favourable environment for peace negotiations.
Russian President Vladimir Putin said he was ready to assist in rebuilding Syria’s war-damaged economy as the country's interim President Ahmad al-Sharaa made his second visit to Moscow in less than four months on Wednesday (28 January).
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Dmitry Medvedev, said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
Iran’s Supreme Leader Ayatollah Ali Khamenei has warned that any U.S. military attack on Iran would spark a wider regional conflict, Iranian semi-official Tasnim news agency reported on Sunday.
U.S. president Donald Trump said Iran is “seriously talking” with the United States and expressed hope that negotiations could lead to an outcome acceptable to Washington.
France has approved its 2026 budget after Prime Minister Sebastien Lecornu survived two no-confidence votes in the National Assembly on Monday, ending months of political tension that had unsettled investors.
U.S. President Donald Trump on Monday announced a new trade agreement with India that will see Washington reduce tariffs on Indian imports, after New Delhi pledged to stop buying Russian oil and increase purchases from the U.S. and potentially Venezuela.
Yanis Varoufakis delivered a blunt assessment: the European Union has missed every major chance to reform, poisoned its own democratic debate and is now entering a prolonged period of structural decline.
The Kremlin has confirmed that the next round of trilateral talks between Ukraine, Russia and the United States will be held in Abu Dhabi on 4–5 February, after the meeting was postponed last week to align the schedules of all delegations.
Hungary has vowed legal action against the European Union over a planned ban on Russian gas imports by 2027, after Brussels said national objections would not override EU law.
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