Russia - Oct 16

At a time of major economic contraction in Russia with low oil prices, inflation and sanctions, the nation has increased its defense budget by twenty billion dollars just this year. This increase in defense spending is expected to continue over the next several years, with 4.2% of the 2015 budget being dedicated to the sector ($81 billion in total). While most countries’ defense spending is below 3% and the United States at 3.8%, the Russian Federation proves to be taking its military prowess to the highest level. Source: The Moscow Times