Putin Backs Trump's Proposal To Halve Defence Spending
Russian President Vladimir Putin on Monday backed a suggestion by US counterpart Donald Trump for Russia, the United States and China to all cut their defence budgets in half.
"I think it's a good idea. The US would cut by 50 percent and we would cut by 50 percent and then China would join if it wanted," Putin said in a televised interview.
Russia has massively ramped up military spending since launching its offensive in Ukraine in 2022, boosting economic growth but also inflation.
