Russian parliament
The Russian parliament is the Federal Assembly of the Russian Federation, the country's supreme legislative and representative body. It consists of two chambers: the upper Federation Council and the lower State Duma. The parliament passes federal laws, approves the federal budget and ratifies international treaties.
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Russia plans 27% hike in 2027 defense spending to record ~$202 billion
Russia's draft 2027 budget allocates about 17.1 trillion rubles (~$202 billion) to defense — roughly 27% more than originally planned and the largest war budget since the start of the full-scale invasion of Ukraine in 2022. Moscow plans to fund the increase through wider borrowing, new taxes on wealthy citizens and resource companies, a bigger deficit and a drawdown from the National Wealth Fund.