Following the annexation of Crimea by the Russian Federation, multiple governments and international organizations, led by the United States, imposed sanctions on Russian individuals and businesses.
The determinants of economic growth expected in the coming years suggest that the times of a large budget, treated in Russia as the guarantee of stable economic growth, have irrevocably become a thing of the past.
In 2015 the global spending on armaments was USD1.7 trillion. That's about 1 per cent more than a year earlier.