British Intelligence update on Ukraine as of Dec. 11

British Intelligence update on Ukraine as of Dec. 11

On 5 December 2022, President Putin signed the law on Russia’s Federal Budget. Draft budgets have stated over 9 trillion rubles (US $143bn) will be allocated across defence, security and law enforcement in 2023.

This is a significant increase compared to prior years and will represent over 30 per cent of Russia’s entire budget.

The budget approved by Putin is likely over-optimistic in its expectation of revenue and spending in 2023. Therefore, other parts of Russia’s budget are likely to come under increasing pressure to support the costs of the war.