Reports of Cuts to Russia's Military Budget Are Exaggerated

If you read a recent report by IHS Jane's that Russia is cutting its defense budget by over 25 percent—supposedly the “largest cut to military expenditure in the country since the early 1990s”—then you might be given the impression that Moscow's military is finally succumbing to economic woes. But reports of the death of Russia's defense budget have been grossly exaggerated. Simply put, it's not true.