FILE PHOTO: Russian President Vladimir Putin chairs a meeting dedicated to the foundation of cultural, educational institutions and museums via a video link at his residence outside Moscow, Russia, June 25, 2025. Sputnik/Gavriil Grigorov/Pool via REUTERS/ File Photo
MOSCOW (Reuters) -President Vladimir Putin said on Friday that Russia was looking to cut its military expenditure from next year, contrasting that with NATO's plan to ramp up defence spending over the next decade.
NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross domestic product in the next 10 years, citing what they called the long-term threat posed by Russia and the need to strengthen civil and military resilience.
