VILYUCHINSK (KAMCHATKA), September 25 (RIA Novosti) - Russia's president said on Thursday that the modernization of the Armed Forces needed to move faster, with priority being given to new, advanced weaponry and improving the conditions for service personnel.

"We have a general development plan, but even it needs amending," Dmitry Medvedev said, adding that due to external pressures, its implementation had to be accelerated.

He singled out two main priorities: providing the military with better weapons and equipment, and improving the social and financial status of its personnel.

"First, modernization of the Armed Forces, and second, improving the status of the military serviceman, including higher wages, good quality housing, and an appropriate social security package," he said.

Asked whether the world financial crisis could affect Russia's military development programs, he said the country had a stable, self-sufficient economy and ample resources for the military.

"Regardless of crises, we must keep building new submarines," he said.