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
With a surprise cross-border attack, Russia ruthlessly exposes Ukraine’s weaknesses
next post
Children pulled from mud as hundreds die in severe flooding in Afghanistan

Related Posts

Ultra-rare, bizarre-looking blind mole photographed in Australia

April 10, 2024

Palestinian boy with firework, 12, shot dead by...

March 13, 2024

Europe markets: Aviva’s bid boosts Direct Line, while...

December 6, 2024

Could Trump’s Latin America policies backfire economically?

February 15, 2025

NIO, XPeng, and other Chinese EV stocks surge...

March 11, 2025

Why are credits scores falling in America? WalletHub...

January 12, 2025

Prince Louis photo released to mark sixth birthday

April 24, 2024

Trump wants Apple to shift iPhone production from...

May 18, 2025

London’s Metropolitan Police say 53 arrests made during...

June 3, 2024

Surging gold prices hit India’s retail jewellery sales

February 27, 2025

    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

    • Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020

      December 28, 2025
    • Wall Street close: S&P 500 ends at record high, Dow gains 289 points

      December 28, 2025
    • Europe bulletin: FTSE slips, US-EU clash escalates, Secure Trust’s big move

      December 28, 2025
    • Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit

      December 28, 2025
    • What US GDP report means for Fed’s rate decision in January

      December 28, 2025

    Categories

    • Business (4,879)
    • Investing (3,172)
    • Latest News (2,144)
    • 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