American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Putin replaces Russia’s defense minister with a civilian, citing rising military spending and need for innovation

by admin May 14, 2024
May 14, 2024
Putin replaces Russia’s defense minister with a civilian, citing rising military spending and need for innovation

Russian President Vladimir Putin has replaced his defense minister Sergei Shoigu with a civilian, Andrey Belousov, citing the country’s rising military spending and the need for “innovation.”

Shoigu had been “relieved” of his post of Minister of Defense by presidential decree and been appointed Secretary of Russia’s Security Council, Kremlin spokesperson Dmitry Peskov said on Sunday night local time.

Shoigu would also become Putin’s deputy in Russia’s Military-Industrial Commission, Peskov said, while Nikolai Patrushev, the previous Secretary of the Security Council, would “transfer to another job.”

Belousov, who previously served as first deputy prime minister, is a civilian.

He was selected by Putin because of a need for “innovation,” Peskov said in a press call, during which he highlighted the ministry’s rising budget, saying it was approaching levels last seen during the Cold War.

“Today on the battlefield, the winner is the one who is more open to innovation,” Peskov said. “Therefore, it is natural that at the current stage, the president decided that the Russian Ministry of Defense should be headed by a civilian.”

In a reference to the war in Ukraine, Peskov said that due to “well-known geopolitical circumstances, we are gradually approaching the situation of the mid-80s when the share of expenses for the security bloc in the economy was 7.4%. It’s not critical, but it’s extremely important,” Peskov said.

The budget currently amounts to 6.7% of GDP, he said.

Peskov highlighted Belousov’s previous leadership experience and economic background.

“This is not just a civilian, but a person who very successfully headed the Ministry of Economic Development of Russia, for a long time he was aide to the president on economic issues, and was also the first deputy chairman of the government in the previous cabinet of ministers,” Peskov said.

Peskov added that the new appointment did not signal a shift in Russia’s current military system.

“As for the military component, this appointment will in no way change the current coordinate systems. The military component has always been the prerogative of the Chief of the General Staff [Valery Gerasimov], and he will continue his activities. No changes are currently envisaged in this regard,” he said.

In his new role, Shoigu will oversee Russia’s military industrial complex, Peskov said.

“He is deeply immersed in this work, he knows very well the pace of production of military-industrial products at specific enterprises and often visits these enterprises,” he said.

The news follows the arrest last month of one of Shoigu’s close allies, deputy defense minister Timur Ivanov, who was charged with taking a bribe in what was the country’s highest-profile corruption scandal since Putin launched his invasion of Ukraine more than two years ago.

Ivanov has been accused of accepting a bribe of 1 million rubles (at least $10,800), according to Russian state media TASS.

Shoigu has also been criticized for his handling of the invasion of Ukraine – most forcefully by the Wagner chief Yevgeny Prigozhin in the months before his death last year.

This is a developing story and will be updated.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
​Tech 5: SEC Delays Spot Ethereum ETF Decision, US Revokes Huawei Sales Licenses for Intel, Qualcomm
next post
Spain’s Socialists hail ‘new era’ in Catalonia as separatist support dims in elections

Related Posts

President Trump declares US plans to ‘take over’...

February 5, 2025

Hong Kong stocks decline as investors react to...

September 16, 2024

Trump’s reciprocal tariffs may target the EU, Japan,...

February 14, 2025

Exclusive: Israeli forces fired on food convoy in...

February 22, 2024

China hands Australian writer a suspended death penalty...

February 6, 2024

Polish man found guilty of assaulting Danish prime...

August 7, 2024

Fire breaks out in spire of French cathedral

July 13, 2024

US consumer sentiment plunges to lowest level in...

April 12, 2025

Two Ukrainian servicemen stabbed to death in Germany,...

April 30, 2024

America’s military has the edge in space. China...

May 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Senate Democrats scale back demands in bid to end historic US government shutdown

      November 9, 2025
    • US government shutdown: Republicans reject Democrats’ pared-back offer

      November 9, 2025
    • Weekly wrap: Mamdani win, SC questions Trump’s tariffs, Tesla approves Musk pay package

      November 9, 2025
    • Market outlook: uncertainty looms as data blackout tests investor nerves

      November 9, 2025
    • Bulgaria plans for continuous oil supply for Lukoil-owned refinery after US sanctions

      October 26, 2025

    Categories

    • Business (4,555)
    • Investing (3,077)
    • Latest News (2,107)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved