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  1. Apr 2019
    1. This wasn’t expected, but also shouldn’t be a huge shock. Despite the US hyping Russia as a threat for decades, Russia hasn’t spent deeply on its military in years, and drawing down from Syria, they don’t have much costly overseas engagement.

      To contextualize, you can still spend a hell of a lot on development, but if you don't have costly mobilizations it can make it look like you aren't spending as much as others; in fact, you are arguably making 'smarter' investments?