21/9/2014 22:07
RIA Novosti

Russia

Russian military spending to top $30 bln in 2012

Deputy Prime Minister Sergei Ivanov
17:47 24/11/2011
MOSCOW, November 24 (RIA Novosti)
Tags: Sergei Ivanov, Moscow, Russia

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.

 

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RIA NovostiDeputy Prime Minister Sergei IvanovRussian military spending to top $30 bln in 2012

17:47 24/11/2011 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.>>

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  • rene20duchman
    18:33, 24/11/2011
    russia needs to spend this sommes of
    cache fore advance systems just to
    counter de us missile shield.i hope
    its not only empty talk
    • aNO empty talk
      03:27, 29/11/2011
      No rene20 this is not empty talk.
      At the contrary!
      This is undercover preparation for the war!

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