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1:35Now PlayingSenior government officials have warned Russian President Vladimir Putin that spending on the war in Ukraine is on an unaffordable path, risking the government's budget deficit widening dangerously. #russia #putin #ukraine #worldnews #politics
Officials in Russia's Finance Ministry and central bank have proposed new cuts to defense spending, but the Defense Ministry is resisting cuts and demanding additional funding to address a shortfall.
Putin has been aware of the budgetary pressures and has asked Finance Ministry officials to find spending reductions in other budget areas before targeting defense, with the scale of any spending cuts depending solely on him.
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