MOSCOW - Russia plans to spend 19 trillion rubles ($613 billion) to purchase new weapons over the next decade as it seeks to modernize its Soviet-era Army, Defence Minister Anatoly Serdyukov said in an interview released on Sept. 21.
The government is in the process of approving a plan to ramp up the arms budget for 2011-2020 by 46 percent from the previous estimate of 13 trillion rubles, Serdyukov told Bloomberg news agency in an interview.Serdyukov, who spoke following talks with U.S. Defense Secretary Robert Gates in Washington earlier this month, also said Russia was interested in U.S. technologies. He did not elaborate.
Much of Russia's military equipment dates back to Soviet times, and the government has in recent years promised extra money for modernization.
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.
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Update #1: Russia Releases Details on Defense Spending through 2013 -- Defpro
Update #2: Russia discloses defense spendings first time since 2005 -- Xinhuanet
Update #3: Russia announced the amount of Defense spending for airplanes, submarines and missiles until 2013 -- Avionews
Russia intends to sell up to 15% of the largest oil companies in the country, Rosneft, as part of the government to raise 1.8 trillion. rubles (59 billion) from asset sales over the next five years to balance the budget.
The government of Prime Minister Vladimir Putin approved yesterday, according to statements strain Kremlin plan to sell shares in about 900 companies, including banks Sberbank and VTB Group.
The finance ministry had proposed in July sales meipsoifias shares in 10 companies, including Rosneft, Sberbank and VTB.
According to statements from the Kremlin, the government intends to reduce its stake inRussia’s largest bank, Sberbank, the share control between 2011 and 2014....
Russia to spend $700 bln on new weapons -- Yahoo News/AP
Medvedev says Russia to spend $700 bln on new weapons, warns arms makers against hiking prices -- Washington Post
Russia to Allocate 20 Trillion Rubles for Defense Modernization -- CRIEnglish