Return Of Soviet Military Superpower
In 2024 alone, Russian defense spending will increase by nearly 70% and will officially be 10.8 trillion rubles (approximately $110 billion). As a result, the portion of the entire state budget allocated to the military will be over 25% or 6% of the country’s GDP. This is the first time since the unfortunate dismantling of the Soviet Union that Russia is spending so much on defense. Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.