March 23, 2018 / 6:57 AM / a month ago

Kremlin says to cut defence budget to 3 percent of GDP by 2022: RIA

MOSCOW (Reuters) - Russia will cut its defence budget to less than 3 percent of gross domestic product within the next five years, RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying on Friday.

Kremlin spokesman Dmitry Peskov arrives for the meeting with officials of Rostec high-technology state corporation at the Novo-Ogaryovo state residence outside Moscow, Russia December 7, 2017. REUTERS/Sergei Karpukhin

Peskov was also quoted as saying that Putin, who won re-election at the weekend, intends to improve relations with the United States and Europe.

Reporting by Polina Ivanova; Writing by Christian Lowe; Editing by Shri Navaratnam

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