Thursday, February 24, 2011

Russian military to purchase 600 planes, 100 ships, 1000 helicopters for $60 bill by 2020, that is $6 bill a year

program also envisages eight new nuclear submarines and two Mistral aircraft carriers in addition to the two that Russia is buying from France

The unpopular reforms of Defense Minister Anatoly Serdyukov have seen as many as 200,000 officers lose their jobs and nine of every 10 army units disbanded.

Last week, Finance Minister Alexei Kudrin promised that from next year 1.5 percent of gross domestic product would be spent on army modernization, military pay and other defense spending. He said the country currently allocates 0.5 percent of GDP.

US spends $1 000 billion per year on military.

News from The Associated Press

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