MOSCOW, November 24 (RIA Novosti)
Over 1 trillion rubles ($30 billion) will be spent on the provision of arms and military equipment to the Russian Armed Forces next year, Deputy Prime Minister Sergei Ivanov said on Thursday.
That is 17% up on the previous year, he said.
A total of 4 trillion rubles will be earmarked for these purposes over the next three years, Ivanov said.
Some 60% of the funding under government defense contracts will be spent on the procurement of advanced weaponry.
Such funding levels are quite significant, Ivanov said, adding that “it is inappropriate” to suggest that funding for defense and security programs is “insufficient.”
It is of paramount importance now to ensure that these funds are put “to good use,” Ivanov said.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Nature Vs Сivilization
Infographics: Racing in Sochi
The British experience can be instructive for Russia. London retains its British Commonwealth if it wants to use this as a foundation for integration in the future. That’s a valuable lesson for Russian experts who are calling for an end to “ineffective” associations like the CIS, the Russian World and others.