Following the end of the cold war and the break-up of the Soviet Union, there were rapid decreases in Russian military budgets. Soviet military expenditure had stood at almost USD $350 billion in 1988. However, by 1992 it had fallen to USD $60 billion and in 1998 was only USD $19 billion. The more flexible parts of the budget suffered the most, such as those for procurement and operations.
The future of EU-Russia relations is even more uncertain than ever before. Everyman may observe only deterioration. Mass media broadly covered the extension of the bloc's economic sanctions against Russia by six months until January 31. European Union leaders made such decision on June, 22 during a two-day summit in Brussels. This step followed the Washington's decision to broaden its sanctions against Moscow.
Today, if at all any two big powers share territories and conduct trade mutually beneficially and they do not have any serious problems, then, Russia and China fit the bill. The bilateral ties between two veto members and former communist states in Europe and Asia have been improving tremendously.
US President Donald Trump is set to meet with his Russian counterpart President Vladimir Putin at next week's G20 summit in Hamburg, Germany amid investigations into Russian interference in the 2016 election and possible collusion between Trump's campaign and the country's officials.
In a speech delivered on May 6 last, Patriarch Kirill - the Head of the Russian Orthodox Church - defined the Russian war in Syria as a conflict "against global terrorism" and hence suggested a "holy war" to free not only the Middle East, but also the entire Christian civilization, from this "fierce and deceitful enemy".Russia as a "third Rome", after the first falling and the second failing because it surrendered to the profane world.