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RIA Novosti

Defense

Russia reveals detailed data on defense spending until 2013

Country's defense spending would total 487 billion rubles ($16.3 bln) in 2010 and 574 bln ($19.2 bln) in 2011.
03:29 12/10/2010

Russia has made public for the first time in many years a detailed account of its defense spending until 2013, the Vedomosti daily said on Tuesday.

State Duma Defense Committee head Viktor Zavarzin said last week that the country's defense spending, including R&D, would total 487 billion rubles ($16.3 bln) in 2010, 574 bln ($19.2 bln) in 2011, 726 bln ($24.3 bln) in 2012, and 1.16 trillion ($38.8 bln) in 2013.

The share of spending on R&D will drop from 22 percent in 2010 to 16 percent in 2013, the lawmaker said.

The spending will focus on procurement of RS-24 intercontinental ballistic missiles and Bulava submarine-launched ballistic missiles, Su-34 Fullback fighter-bombers, Su-35 Flanker-E long-range fighter jets, submarines, corvettes and frigates for the Black Sea Fleet, and battlefield command-and-control systems for the Ground Forces.

The share of spending on modernization of existing weaponry will be spread almost evenly throughout the four-year period - 13 percent in 2010, 15 percent in 2011-2012, and 14 percent in 2013.

MOSCOW, October 12 (RIA Novosti)

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RIA NovostiCountry's defense spending would total 487 billion rubles ($16.3 bln) in 2010 and 574 bln ($19.2 bln) in 2011.Russia reveals detailed data on defense spending until 2013

03:29 12/10/2010 Russia has made public for the first time in many years a detailed account of its defense spending until 2013.>>

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