Russia to boost defence budget with 60 percent
Russia will by year 2013 boost its defence spending by more 60 percent, the country’s government announced this week.
The Russian government on Thusday announced that it will increase the country’s defence budget with 60 percent compared with today’s level, newspaper Vedomosti reports. After the increase, the country will spend an annual 2.025 trillion RUB on its military.
More military hardware, better equipment for the troops and better training is what lies behind the bigger spending, a defence analyst told the newspaper. The Navy, the Air Force and the military space programmes are expected to get the lion’s share of the new money.
Of the Navy’s spending a major part will be spent on the further development of new submarines and the Bulava missile system, the upgrades of the Black Sea fleet and the acquisition of the French-built Mistral vessels, Vedomosti reports.
