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Kremlin says to cut defence budget to 3 percent of GDP by 2022: RIA
March 23, 2018 / 6:41 AM / in a month

Kremlin says to cut defence budget to 3 percent of GDP by 2022: RIA

MOSCOW (Reuters) - Russia will cut its defence budget to less than 3 percent of gross domestic product within the next five years, RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying on Friday.

FILE PHOTO: Moscow - Russia - 07/05/2017 - A Russian soldier salutes atop of a vehicle during a rehearsal before the World War II anniversary in Moscow. REUTERS/Maxim Shemetov

Peskov was also quoted as saying that Putin, who won re-election at the weekend, intends to improve relations with the United States and Europe.

Reporting by Polina Ivanova; Writing by Christian Lowe; Editing by Shri Navaratnam

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