Russia Mulls Military Spending Cuts As Low Oil Prices Weigh On Economy

Struggling with a recession amid low oil prices and measures to curb the pandemic, Russia is mulling over cutting its military budget by 5 percent between 2021 and 2023, recommendations from the Russian finance ministry showed. According to the finance ministry’s recommendations for budget expenditures in the next three years, as reported by Reuters, Russia is also considering cutting spending on the court system and on wages for civil servants by 10 percent. Spending on military is considered a state secret in Russia, but defense expert…