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Putin Cuts Military Spending Amid NATO's Defense Budget Surge

6/28/2025

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Story summary
  • In a surprising move, Russian President Vladimir Putin declared on June 27 that military spending will be slashed next year, a stark contrast to NATO's push for a 5% GDP defense budget increase. Amid ongoing skepticism from Western officials, NATO emphasizes the need for readiness against potential Russian threats as military expenditures continue to rise during the Ukraine invasion.