One more reconciliation agreement signed with Syrian settlementRussian Politics & Diplomacy June 27, 3:54
Putin to attend United Russia party congressRussian Politics & Diplomacy June 27, 3:51
Belgium defeats Hungary 4-0 in Euro Cup round of 16Sport June 27, 1:57
France beats Ireland in Euro Cup round of 16Sport June 26, 19:47
Participants in pan-Orthodox Council suggest it be held regularlySociety & Culture June 26, 17:45
Rescuers find body of child, who was considered missingSociety & Culture June 26, 10:07
Portugal defeated Croatia, reaching Euro 2016 quarter finalsSport June 26, 1:51
Jabhat al-Nusra group impeding ceasefire in Syria - Russia’s reconciliation centerWorld June 26, 1:50
Brexit makes EU’s disintegration practically inevitable, says SorosWorld June 25, 23:01
MOSCOW, January 13. /TASS/. Russia’s budget will have to be inevitably reduced in two or three years’ time, if the economic situation remains as it is today, Russia’s former finance minister, Alexey Kudrin, told the Gaidar Economic Forum in Moscow on Wednesday.
"Defense spending reductions cannot be avoided. Many are saying that in the current geopolitical situation they will be hard to make… They may be postponed for two or three years. I do not see any problems in this respect. I don’t think that defense spending is a sacred cow untouchable in any circumstance," Kudrin told the Russian News Service radio station.
"The reason is defense spending is not meant for participation in current local or geopolitical situations. It is meant for strengthening Russia’s defenses along the perimeter borders, in all areas of potential combat operations," Kudrin explained.
Kudrin said that Russia’s operation in Syria was "not a very critical budget spending item."
"In the medium term Syria is not a super-heavy burden. There are far more military and political risks that leave a certain imprint on the investment climate and on the investors," he said.
Kudrin said that measures to incorporate Crimea and humanitarian support for the East of Ukraine have cost the Russian treasury far more than the operation in Syria.