Russia Boosts Military Spending to Record $100B Amid Costly Ukraine War

Russian lawmakers approved a record 68% increase in military spending to over $100 billion, accounting for a third of total budget.

Spending aims to fund Moscow's offensive in Ukraine, with lawmakers invoking WWII slogans like "Everything for the front, everything for victory".

Budget sees ruble at 90 to dollar despite volatility. More military spending seen as inflationary.

Russia already spent tens of billions on its 20-month Ukraine campaign amid mounting economic and human costs.

Increase includes funds to integrate annexed Ukrainian regions; Kremlin says spending surge essential given "hybrid war" with West.