🇷🇺 Vladimir Putin
Putin arms up for many more years of war and plans £450bn defence splurge as missile rain on Kyiv - London Business News
What happened
Russia is planning to increase defence spending to £150bn next year, taking the total to around £450bn over three years, amid ongoing attacks on Ukraine, including a recent missile and drone strike on Kyiv, which killed three people, including a child, and injured at least seven others. Ukrainian air defences intercepted 160 aerial targets, including five missiles and 155 drones, during the strikes. The attacks targeted residential areas and critical infrastructure in various regions.
Why it matters
The increased defence spending by Russia poses a significant challenge to Ukraine and its European allies, as they must balance the need to defend major population centres and infrastructure with the prospect of a prolonged conflict. The situation is likely to put pressure on European governments to provide additional military support to Ukraine.
Key facts
- Russia plans to increase defence spending to £150bn next year.
- The total defence spending over three years could reach around £450bn.
- Ukraine's air force reported intercepting 160 aerial targets during the recent missile and drone strike.
- At least 30 people were killed or injured in Russian attacks across Ukraine over the previous day.
- The attacks targeted residential areas and critical infrastructure in various regions.
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Publisher evidence used
Reporting attributed to londonlovesbusiness.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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