Breaking News: Putin Orders Russia's Army Expansion to Become Second Largest in the World
In a bold move to address growing threats on Russia's borders, President Vladimir Putin has ordered the Russian army to increase its size by 180,000 troops, making it the second largest in the world after China.
Kremlin spokesman Dmitry Peskov emphasized the need for this expansion, citing the hostile environment on Russia's western borders and instability to the east. According to the International Institute for Strategic Studies, this increase would surpass the United States and India in terms of active combat soldiers, trailing only behind China.
This decision comes as Russian forces continue to advance in eastern Ukraine and work to secure the northern-western region following Finland's NATO alliance membership. Russia has also expressed concerns about the U.S.-backed militarization of Japan and potential missile deployments.
Analysis:
This significant military expansion by Russia under Putin's leadership has far-reaching implications for global security and geopolitics. The increased military presence could lead to heightened tensions with neighboring countries and impact international relations. For investors and financial markets, this development may introduce uncertainties and potential risks, affecting various sectors such as defense, energy, and commodities. It is crucial to monitor these developments closely and assess their implications on portfolios and investment strategies.