The Russian government tries to borrow money while the market situation is relatively favorable.
Russia’s military spending increases significantly for 2023. About that saying goodbye British Ministry of Defence.
It was noted that on November 16, Russia conducted the largest single-day debt issuance in history, raising 820 billion rubles ($13.6 billion). This is important for the Russian Federation, as debt issuance is a key mechanism to support defense spending, which has increased significantly since the invasion of Ukraine.
Russia’s declared spending on “national defense” for 2023 is expected to be around five trillion rubles ($84 billion), more than 40% higher than the initial 2023 budget announced in 2021, British intelligence said .
“Debt issuance is costly in times of uncertainty. The size of this auction probably indicates that the Russian Ministry of Finance sees the current conditions as relatively favorable, but expects an increasingly uncertain financial environment next year,” the statement said. British Ministry of Defense.
Remember, according to the Institute for the Study of War (ISW), the Russian Federation is preparing for the next wave of mobilization.
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.