Tuesday, February 21, 2012

Russia to boost defense budget

Russia to boost defense budget

 
20.02.2012, 20:24
The Russian government plans to spend up to 23 trillion rubles ($770 billion) on the modernization of the armed forces in the next 10 years, Prime-Minister Vladimir Putin said Monday, adding that the amount of orders and contracts is unprecedented.
The Russian government plans to spend up to 23 trillion rubles ($770 billion) on the modernization of the armed forces in the next 10 years, Prime-Minister Vladimir Putin said Monday, adding that the amount of orders and contracts is unprecedented. He was speaking at a meeting on the development of the national defense industry which was held at the Komsomolsk-on-Amur Aircraft Production Association in Russia’s Far East. Putin’s speech complemented his article published in the Rossiiskaya Gazeta on Monday.The main requirement the Russian government sets before the enterprises of the national defense industry is to regularly supply the armed forces with the weapons, equipment and vehicles which are not inferior to their foreign equivalents. The products of the Komsomolsk-on-Amur Aircraft Production Association fully meet these requirements. The military equipment manufactured by the workshops at this enterprise is reliable and in great demand not only in Russia but also abroad.  It would be enough mention the super maneuverable Su-35, Su-27SM, Su-30 multirole fighters and especially the fifth generation T-50 jet fighter.

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