Alexander Zemlianichenko/AP PhotoAs governments across Europe pour additional money into their defense budgets, wary of an increasingly aggressive Russia, it looks as though the Kremlin’s military build-up might be slowing.
Recent reports suggest a possible 5 percent cut in defense procurement as Russia struggles with extraordinarily low prices for the oil and natural gas sales that power its economy.
Russian president Vladimir Putin, who has essentially controlled the country in one capacity or another since 2000, began a massive and expensive revamp of the country’s military in 2011, involving hundreds of billions of dollars in investment in modern equipment over a period …read more
Source: Business Insider
