#Putin threatens West not to put pressure on #Russia over #Ukraine, or else, mentions nuclear arsenal again. Classic line from Kremlin bully
— Myroslava Petsa (@myroslavapetsa) October 16, 2014
Here's another update from our news desk:
Russia will allot some 3.3 trillion rubles (about $80 billion) from the state budget for defense spending in 2015, according to the chairman of the defense committee in the State Duma, the lower house of parliament.
Vladimir Komoyedov told the Russian news agency Interfax on October 16 that defense spending for the next year would be some $20 billion more than this year, but he added that his committee foresees slight reductions in spending for 2016 and 2017.
Komoyedov said the amount to be spent on defense in 2015 was some 4.2% of Russia's GDP.
Finance Minister Anton Siluanov said on October 7 that Russia's defense spending plans needed to be "more realistic" in light of international sanctions imposed on Russia over its actions in Ukraine.
A three-year draft budget reportedly calls for a 5.3 percent cut in defense spending in 2016, the first reduction since 1998.
(Interfax, FT)
Rumors of secret deals fly before #Poroshenko and #Putin's Milan meeting today. http://t.co/HJ9P8VX9U3 pic.twitter.com/pHvkVTlLn2
— Katya Gorchinskaya (@kgorchinskaya) October 16, 2014