EDITORIAL
Russia’s So-Called “Army”
$840 million.
That’s roughly what it would cost the Kremlin in cash alone to honor its obligation to pay $5,600 to each of the 150,000 Russian army officers it plans to discharge in order to avoid the future cost of their upkeep as the Kremlin’s budget revenues plummet in the wake of falling oil prices. The nation’s hundred-billion-dollar budgetary reserve fund is expected to fully exhaust by the end of next year attempting to make up for the lost revenues even with deficit spending and massive foreign borrowing.
Writing in the Moscow Times columnist and defense expert Alexander Golts (we’ve also translated his piece from the Russian press on the same topic in today’s lead item) says the Kremlin doesn’t have the money to cash them out, and that’s not the Kremlin’s only obligation. It also has to buy each one of them an apartment!
If the Kremlin Welshes on this obligation, as seems inevitable and as the Russian state has done so often in the past, stabbing its citizens in the back whenever the mood strikes, it will be a clear sign of just how low into neo-Soviet mire the Putin regime has already descended.
Continue reading →
Like this:
Like Loading...