Moscow announced that it plans to increase military spending by nearly 70% in 2024 as it fights against what the Kremlin has dubbed NATO’s “hybrid war.” Russia’s defense budget next year, which is dwarfed by the Pentagon budget, will still be less than the total amount the US has already pledged to assist Kiev in its proxy war with Moscow. Russia’s Finance Ministry published a document on Thursday explaining that Moscow is set to ramp up defense spending by a whopping 68% to 10.8 trillion rubles ($111.15 billion) next year. At the same time, the Pentagon budget is fast approaching $900...
