With troops in Ukraine, Russia's defence spending leaps 40%


FILE PHOTO: Service members of pro-Russian troops are seen atop of armoured vehicles during Ukraine-Russia conflict outside Donetsk, Ukraine May 13, 2022. REUTERS/Alexander Ermochenko

(Reuters) - Russia's defence spending was up nearly 40% in the first four months of the year, according to preliminary data released by the finance ministry on Wednesday, almost three months into Moscow's large-scale military campaign in Ukraine.

Russia spent 1.7 trillion roubles ($26.4 billion) on defence between January and April, almost half the 3.5 trillion roubles, or 2.6% of GDP, budgeted for all of 2022.

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