Military parade in Red Square. Wikipedia
Russia Spends More Of Its Wealth On Arms Than US In 2013 -- The Guardian
Russian defence spending rises by 4.8% to $88bn, devoting larger share of GDP on military than US for first time since 2003
Russia spent a higher proportion of its wealth on arms than the US last year for the first time in more than a decade, according to figures published on Monday by a leading international research body that highlights Moscow's resurgent military ambition as it confronts the west over Ukraine.
Western countries, including Britain and the US, reduced defence budgets, but Russia increased arms spending by 4.8% in real terms last year to almost $88bn (£52m), devoting a bigger share of its GDP to the military than the US for the first time since 2003, according to the Stockholm International Peace Research Institute (Sipri).
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Update: Russian Military Spending Soars -- The Diplomat
My Comment: Here is an easy prediction .... the Ukraine crisis is only going to mean an even bigger Russian military budget next year.
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