NEWSWATCH: “Russia government mulls five percent cut in defense procurement spending: sources” – Reuters

File Photo of Russian Tanks in Military Parade

Russia’s government is considering cutting spending on defense procurement this year by 5 percent … a move that would extend the budget squeeze to a sector that up to now has been immune …. The proposal has support across several ministries and in other state institutions, enough for it to go forward for discussion at a cabinet meeting, the sources said. Until now, the idea has not gained traction beyond the finance ministry. …  a sign that, as Russia begins its second year of recession caused by low oil prices and Western sanctions, no area is safe from budget cuts.

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