Russia Reportedly Raises $13 Billion for 2023 Defense Spending – By VOA News Staff (VOA News) / Nov 19, 2022
In its intelligence update Saturday, Britain’s defense ministry said that on Wednesday, Russia held its “largest ever debt issuance in a single day.”
The issuance, the ministry said, “is a key mechanism to sustain defense spending, which has increased significantly since the invasion of Ukraine.”
The issuance raised $13.6 billion, according to the update posted on Twitter.
Russia has announced a 2023 defense budget of approximately $84 billion, more than 40% higher than its initial 2023 budget announced in 2021.
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