Military Spending by Country in 2023: 5 Largest Defense Budgets

3. Russian Federation

Latest Defense Budget Estimate: $84 billion

The Russian Federation is Europe’s largest country by area and a global power. A successor to the Soviet Union, it has some of the most advanced weapons in the world, such as submarine launched ballistic missiles (SLBMs), aircraft carriers, fifth generation aircraft, intercontinental ballistic missiles (ICBMs), and even hypersonic weapons.