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Russia's defense budget accounts for 6% of GDP, and Putin wants to stop the war due to tight funds

Does Russia want to continue the Russian-Ukrainian military conflict, or does it want to stop the war as soon as possible? In fact, Putin has repeatedly expressed his stance on many occasions, hoping for peace and stopping the war as soon as possible. So what is the reason? It is also because Russia actually does not have more funds for the Russian-Ukrainian military conflict, as well as for military operations abroad.

Russia's defense budget accounts for 6% of GDP, and Putin wants to stop the war due to tight funds

At an important meeting, Putin pointed out that Russia hopes for a comprehensive, sustainable and just settlement of the conflict in Ukraine through peaceful means, and has always been open to dialogue. Everyone understands the meaning of this statement, Putin still hopes to achieve peace in the end, no matter who he talks to, especially with the leading countries, such as the United States, when it comes to the final result is to achieve peace between Russia and Ukraine.

So as Putin why did he mention this? He himself said that the source of funds for the completion of the Government's plan should be determined as soon as possible.

Russia's defense budget accounts for 6% of GDP, and Putin wants to stop the war due to tight funds

"When the cannon goes off, the gold is ten thousand taels" does not mean to make money, "when the cannon goes off, the gold is ten thousand taels" refers to the need to spend too much money as long as there is a war. As the current domestic economy of Russia, it has entered a wartime economic state, and in this state, it will cost a lot of money. Russia's defense budget now accounts for 6% of GDP, which is already a very high figure. As we usually mention, when the defense budget accounts for more than 5% of GDP, it is already considered an arms race. Now Russia has reached 6, although Peskov said that in Soviet times it was even more than 7%, but then again, this number is also quite high now, indicating that Russia's domestic funding sources are limited.

At the same time, I would like to stress to you that it is also a basic fact that Russia's external income is plummeting due to the continuous sanctions imposed by Western countries on Russia.

Russia's defense budget accounts for 6% of GDP, and Putin wants to stop the war due to tight funds

Therefore, why Russia should seize the time to strengthen trade with many countries in the East is to obtain more funds to support the trend of the Russian-Ukrainian military conflict. The replacement of an economist like Belousov was also to raise more money for fighting on the front. Therefore, Russia now also hopes to end the Russian-Ukrainian military conflict as soon as possible so that its economy can recover. However, until there is no hope, it is necessary to do everything possible to maintain the development of the economy and to ensure the fulfillment of the tasks of the special military operation.