Country's defense spending would total 487 billion rubles ($16.3 bln) in 2010 and 574 bln ($19.2 bln) in 2011.© RIA Novosti. Alexey Druzhinin
- Russian Air Force to receive first Su-35 by yearend - Sukhoi
- Bulava missile: the bitter taste of success
- Russian army to go Wi-Fi
- Russia's nuclear subs to continue Arctic navigation
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)
Add to blog
You may place this material on your blog by copying the link.
The Shanghai Cooperation Organisation is one of the most important foreign policy initiatives taken by Russia along with five other countries. Both Russia and China want to reduce the threat of separatism and western influence in the region. Emergence of SCO provoked new international order.